The Annual Returns (In Percent) for a Sample of Stocks

question 72

Multiple Choice

The annual returns (in percent) for a sample of stocks in the technology industry over the past year are as follows: (See the Excel Data File.) The average return is the closest to ________.

• A) -6.6
• B) -5
• C) 0
• D) 2.8

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Definitions:

Accounts Receivable

Monies owed to a company by customers for sales made on credit that are recorded as assets on the balance sheet.

General Journal

A foundational accounting record that keeps chronological entries of a company's transactions.

T-Accounts

A visual representation used in accounting to depict the debits and credits for each financial transaction affecting a particular account.

T-Accounts

T-Accounts are a form of accounting ledger that visually represents the debits and credits of financial transactions for each account in double-entry bookkeeping.