A more risky stock has a higher ________
A) expected return
B) standard deviation
C) variance
D) B and C
Answer: D
Explanation: D) Standard deviation and variance essentially tell you the same thing—a stock's volatility or risk.
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Which of the following is not a problem inherent in balance sheet presentation?
a. Most assets are valued at cost. b. Varying methods are used for asset valuation. c. Not all items of value to the firm are included as assets. d. Liabilities related to contingencies may not appear on the balance sheet. e. The owners' interest will be indicated.
On January 1, Year 1, Eureka Company issued $170,000 of 4-year, 5% bonds at face value. The annual cash payment for interest is due on January 1 of each year beginning January 1, Year 2. Based on this information, what is the total amount of liabilities related to these bonds that will be reported on the balance sheet at December 31, Year 1? (Hint: Consider the interest that might be owed to bondholders at December 31, Year 1.)
A. $170,000 B. $169,150 C. $178,500 D. $8500
Edward is hired to manage Fred's business. Which of the following is untrue regarding Edward's authority?
a. Edward has authority to sell a used cash register when he buys a new computerized checkout system for the store. b. Edward has authority to send bills to customers and to accept payments on behalf of Fred. c. Edward can hire employees, but he cannot fire them without Fred's consent. d. Edward can enter into contract with wholesalers for merchandise in the store.
Under Article IX, filing for fixtures is: A) Generally local
B) With the secretary of state. C) Central. D) None of the above