Jessica Wanted to Gauge Stock Performance in General

question 96

Multiple Choice

Jessica wanted to gauge stock performance in general.She found a useful tool that measured the stock prices of 30 large industrial firms,called the

• A)Dow Jones Industrial Average.
• B)Standard & Poor's Index.
• C)Value Line Survey.
• D)Moody's Index.
• E)none of the above.

---

Definitions:

Terms 2/15

A payment term indicating that a buyer can take a 2% discount on the invoice amount if the payment is made within 15 days of the invoice date.

Net 45

This payment term requires the buyer to pay the total net amount due within 45 days after the invoice date or goods receipt.

Income From Operations

Earnings derived from a company's primary business activities before taxes and extraordinary items.

Periodic Inventory System

An accounting method where inventory is updated in the accounting records periodically, often used by smaller businesses due to its simplicity.