Over the long term, which one of the following has historically had the lowest risk and lowest average annual rate of return?
A) common stock
B) long-term government bonds
C) real-estate
D) corporate bonds
Answer: B
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Which of the following is not something to keep in mind when you create a professional profile??
A) ?Emphasize your strengths. B) ?Check for 100% accuracy. C) ?Avoid using keywords. D) ?Proofread carefully.
________ stores are small, self-service retailers that aim to capture sales from people who are willing to pay higher prices in exchange for the ease of purchase these retailers offer.
A. Convenience stores B. Specialty stores C. Extreme-value retailers D. Supercenters E. Factory outlets
The document by which a shareholder grants another person the right to vote the shareholder's
shares at a shareholders' meeting is called a: A) Election agency. B) Proxy. C) Power of attorney. D) Voting trust.
On February 3, Smart Company sold merchandise in the amount of $5,800 to Truman Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on February 18, and takes the appropriate discount. The journal entry that Smart makes on February 18 is:
A.
| Cash | 4,000 | |
| Accounts receivable | 4,000 |
B.
| Cash | 5,684 | |
| Accounts receivable | 5,684 |
C.
| Cash | 3,920 | |
| Sales discounts | 80 | |
| Accounts receivable | 4,000 |
D.
| Cash | 5,800 | |
| Accounts receivable | 5,800 |
E.
| Cash | 5,684 | |
| Sales discounts | 116 | |
| Accounts receivable | 5,800 |