Technical Analysis Involves Looking At

question 46

Multiple Choice

Technical analysis involves looking at:

• A) how much profit a company will make in the future and using that to predict its present value.
• B) market fundamentals to gauge a company's future trends.
• C) a company's past performance to assess its overall worth.
• D) the value of comparable companies abroad to assess a company's value.

---

Definitions:

Special Journal

A type of accounting journal designed for recording a specific category of transactions, such as sales or purchases, to increase efficiency and organization.

Purchases Account

An account used in accounting to track the total cost of goods and materials purchased for production or sale.

Sales Returns

Transactions where customers return previously purchased merchandise, leading to a deduction from a company's revenue.

Cash Payments Journal

This is a special journal used in accounting to record all cash outflows or payments made by the business, including expenses, creditor payments, and cash purchases.