The beginning Merchandise Inventory balance totals $40,000, and the ending Merchandise Inventory balance totals $45,000 . The adjusting entry for the ending merchandise inventory will:
a. debit Merchandise Inventory and credit Income Summary for $45,000.
b. debit Merchandise Inventory and credit Income Summary for $40,000.
c. debit Income Summary and credit Merchandise Inventory for $40,000.
d. debit Income Summary and credit Merchandise Inventory for $45,000.
e. debit Merchandise Inventory and credit Capital for $45,000.
a
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Which of the following is NOT a base of power?
A) Coercive power B) Reward power C) Valid power D) Referent power
Preferred stock is called a hybrid security because
A) it is most frequently issued by hybrid seed-producing companies. B) it has the same features as common stock but offers a greater dividend. C) it has characteristics of both common stock and bonds. D) it has the same features as bonds but offers a share in the issuer's earnings.
A situation in which the monthly payments are less than the interest that is due on the loan, and the unpaid interest is thus added to the principal is called
A) partial amortization. B) negative amortization. C) reverse amortization. D) decaying amortization. E) none of the above.
The efficient market hypothesis suggests that
A) investors should not try to outguess the market by constantly buying and selling securities. B) investors do better on average if they adopt a "buy and hold" strategy. C) buying into a mutual fund is a sensible strategy for a small investor. D) all of the above are sensible strategies. E) only A and B of the above are sensible strategies.