An index fund limits its portfolio to
A. high quality stock and bonds.
B. stocks that respond to changes in inflation.
C. stocks of firms in a particular industry.
D. stocks included in an aggregate measure of the stock market.
Answer: D
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Which of the following should be classified as an investing activity on the statement of cash flows?
a. interest on notes payable b. payment to suppliers for inventory c. payment of dividends d. None of these
A business's source documents:
A. Must be in electronic form. B. Are prepared internally to ensure accuracy. C. Include the ledger. D. Provide objective evidence that a transaction has taken place. E. Include the chart of accounts.
Financial information for Sigma Company is presented below. Calculate the following ratios for Year 2:(a) Inventory turnover.(b) Accounts receivable turnover.(c) Return on total assets.(d) Times interest earned.(e) Total asset turnover.?Year 2Year 1Assets:??Cash$ 18,000$ 22,000Marketable securities25,0000Accounts receivable38,00042,000Inventory61,00052,000Prepaid insurance6,0009,000Long-term investments49,00020,000Plant assets, net 218,000 225,000Total assets$415,000$370,000???Net income after interest expense and taxes$ 62,250?Sales (all on credit)305,000?Cost of goods sold123,000?Interest expense15,600?Income tax expense27,000???
What will be an ideal response?
All damage cases from the Valdez spill are settled
Indicate whether the statement is true or false