Which of the Following Are Commonly Thought to Be Good

question 42

Multiple Choice

Which of the following are commonly thought to be good general investment guidelines?I) Don't try to outguess the market, buying and holding generally pays off.II) Diversify investments to spread risk.III) Investments should be highly concentrated in your company's stock.IV) 401K money is best placed in money market accounts because risk is very low.V) Investments should be allocated to stocks, bonds, and money-market funds.

• A) I, III, and IV
• B) I, II, and V
• C) II, IV, and V
• D) III, IV, and V
• E) I, II, IV, and V

Explain the effects of adjusting and closing entries on financial statements.

Understand the calculation and implication of financial ratios such as total asset turnover and earnings per share.

Identify the requirements for preparing an adjusted trial balance and its significance in the accounting process.

Apply knowledge of accounting principles to prepare adjusting entries for accrued and deferred amounts.

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Definitions:

Sliding 5th Wheel

An adjustable coupling mechanism on a semi-trailer that allows for the repositioning of the trailer's weight distribution.

Affects

Refers to the emotional or psychological impact or influence something has on a person's feelings or emotions.

Weight-Over-Axle

Refers to the amount of weight being carried by each axle of a vehicle, critical for determining safe loading limits and avoiding overloading.

Bridge Formula

The Bridge Formula is a regulatory weight formula used by transportation agencies to limit the maximum allowable weight that a vehicle can exert on a bridge or roadway, aiming to protect infrastructure from excessive wear and damage.