Which of the following is the most risky?

A) Buying stocks online
B) Buying on margin
C) Buying from a broker
D) Buying a bond


Answer: B

Business

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Which of the following accounts has a normal debit balance?

A) Accounts Payable B) Sales Returns and Allowances C) Sales D) Interest Revenue

Business

Golab Roofing is considering the purchase of a crane that would cost $69,846, would have a useful life of 6 years, and would have no salvage value. The use of the crane would result in labor savings of $21,000 per year. The internal rate of return on the investment in the crane is closest to (Ignore income taxes.):See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.

A. 19% B. 18% C. 17% D. 20%

Business

The entity relationship model uses the associative entity to represent a(n) _____ relationship between two or more entities

a. M:N b. 1:M c. N:1 d. M:1

Business

Using the allowance method of accounting for uncollectible receivables requires an estimate of the amount of receivables that will not be collected.

Answer the following statement true (T) or false (F)

Business