A buy-and-hold investment strategy
A) avoids timing the market.
B) minimizes transaction costs.
C) postpones capital gains taxes.
D) means your gains will be taxed as long-term capital gains.
E) all of the above.
Answer: E
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The Metro Construction Company had the following financial data as of December 31, 2018:
Cash and cash equivalents $120,000
Total current liabilities 80,000
a. What is the cash ratio as of December 31, 2018? Show the formula and your computations.
b. Comment on the cash ratio for Metro Construction Company.
Baker Company has a standard and flexible budgeting system and uses a two-variance analysis of factory overhead. Selected data for the June production activity follows: Budgeted total factory overhead costs (for normal production of 10,00 . units) $80,000 Actual factory overhead incurred in the production of 9,500 units $78,000 Variable factory overhead rate per unit, 2 hours @ $2.50 $ 5 Standard
direct labor hours 25,000 Actual direct labor hours 26,000 The production-volume variance for June is: a. $1,500favorable. b. $1,500 unfavorable. c. $2,00 . favorable. d. $2,00 . unfavorable.
Caryn deposits a check in her bank at 2:30 on Monday. The bank may, under the Code, treat the check as having been deposited on Tuesday for purposes of meeting the midnight deadline rule
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT one of the three basic types of deeds?
a. A grant deed b. A specific deed c. A quitclaim deed d. A warranty deed