Studies of mutual fund performance indicate that mutual funds that outperformed the market in one time period
A) usually beat the market in the next time period.
B) usually beat the market in the next two subsequent time periods.
C) usually beat the market in the next three subsequent time periods.
D) usually do not beat the market in the next time period.
D
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Which of the following statements regarding a 15-year (180-month) $225,000, fixed-rate mortgage is CORRECT? (Ignore taxes and transactions costs.)
A. The outstanding balance declines at a faster rate in the later years of the loan's life. B. The remaining balance after three years will be $125,000 less one third of the interest paid during the first three years. C. Because the outstanding balance declines over time, the monthly payments will also decline over time. D. Interest payments on the mortgage will increase steadily over time, but the total amount of each payment will remain constant. E. The proportion of the monthly payment that goes towards repayment of principal will be lower 10 years from now than it will be the first year.
Recently, 18.3% of visitors to the Travelocity website hailed from the Google search engine. A random sample of 130 visitors on the Travelocity was selected. The standard error of the proportion is ________
A) 0.0206 B) 0.0339 C) 0.0466 D) 0.0548
A company that buys products to use to produce or create other goods or services is a(n)
A) convenience buyer. B) consumer. C) industrial buyer. D) capital buyer. E) rebrander.
Beth operates a plumbing firm. In August of last year she signed a contract to provide plumbing services for a renovation. Beth began the work that August and finished the work in December of last year. However, Beth didn't bill the client until January of this year and she didn't receive the payment until March when she received payment in full. When should Beth recognize income under the accrual method of accounting?
A. In March of this year B. In December of last year C. In January of this year D. In April of this year E. In August of last year