An Index Consists of the Following Securities

question 44

Multiple Choice

An index consists of the following securities.What is the value-weighted index return?

• A)3.72 percent
• B)5.09 percent
• C)6.61 percent
• D)8.75 percent
• E)10.07 percent

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Definitions:

Petty Cash Account

A small amount of cash kept on hand within a business for minor, routine expenses.

Petty Cash Overage

A situation where the amount of petty cash on hand is more than the recorded amount, indicating discrepancies in transactions or recording errors.

Auxiliary Petty Cash Record

A supplementary accounting register used to track small or incidental expenses paid out in cash, aiding the main petty cash system.

Petty Cash Voucher

A petty cash form to be completed when money is taken out of petty cash.