Individuals can now use the Internet to buy and sell I. stocks. II. bonds. III. mutual funds. IV. stock options
A) I and IV only
B) II and III only
C) I, II and III only
D) I, II, III and IV
Answer: D
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The calculations for some profitability ratios are the same as the calculations for common-size analysis of the income statement. Which of the following profitability ratios would also be determined through a common-size analysis of the income statement?
a. gross profit ratio b. debt-to-equity ratio c. acid-test ratio d. earnings per share
Joseph is paid $5 an hour less for doing a job that requires an equal level of skill, effort, and responsibility as a job performed by Kassandra. Both Joseph and Kassandra perform under similar working conditions. Joseph’s lower pay could be a violation of the ________.
A. Americans with Disabilities Act B. Executive Order 11246 C. Equal Pay Act D. Immigration Reform and Control Act E. Civil Rights Act
When conducting a training-needs assessment, Lako Systems found that a more flexible set of competencies is needed for performance. This finding would have occurred in the task analysis step of the assessment.
Answer the following statement true (T) or false (F)
Mrs. Soon retired at age 68 and withdrew the entire $77,100 balance from an IRA to buy a sailboat. She opened this account in 1999. Which of the following statements is false?
A. If the account is a traditional IRA to which Mrs. Soon made $32,000 nondeductible contributions, $45,100 of the withdrawal is taxable. B. If the account is a traditional IRA funded entirely with deductible contributions, the entire $77,100 withdrawal is taxable. C. If the account is a Roth IRA, none of the withdrawal is taxable. D. None of the above is false.