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.
D
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A loyal follower will ______.
a. always agree with his or her leader b. never disagree with his or her leader c. not always agree with his or her leader d. disagree with his or her leader in public
The bonding of employees is an example of which feature of a good system of internal control?
A) Authorization of transactions B) Sound personnel policies C) Separation of duties D) Limited access to assets
The use of estimates, cost, alternative accounting methods, the presence of atypical data, and diversification of firms are all factors that may limit the usefulness of financial statement analysis. Identify a ratio and explain how one or more of the limiting factors can affect the usefulness of that ratio
Schoening Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for January. Fixed Element per MonthVariable Element per Container RefurbishedActual Total for JanuaryRevenue $4,100$158,600Employee salaries and wages$50,600 $1,100$92,700Refurbishing materials $700$27,000Other expenses$41,200 $40,800?When the company prepared its planning budget at the beginning of January, it assumed that 40 containers would have been refurbished. However, 38 containers were actually refurbished during January.?The total expenses in the flexible budget for January would
have been closest to: A. $168,947 B. $163,800 C. $160,200 D. $160,500