Business, 21.03.2020 03:35 kylieweeks052704
Graham Bell lost thousands of dollars speculating during the stock market crash of 2008. When his niece told him that she is planning to invest some of her funds in the IPO of an automobile company, he tried to dissuade her. Bell pointed to his experience and tried to convince his niece that her investment is a gamble that will put her entire wealth at risk. Which of the following is a flaw in Bell's reasoning?
a. He is confusing stocks and bonds.
b. He thinks that he had entered the markets at the wrong time.
c. He thinks that returns from stock market investments are uncertain.
d. He does not consider the fact that one cannot lose more than the amount paid for the stock.
Answers: 3
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Wallace company provides the following data for next year: month budgeted sales january $120,000 february 108,000 march 140,000 april 147,000 the gross profit rate is 35% of sales. inventory at the end of december is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. what is the amount of purchases budgeted for january?
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Graham Bell lost thousands of dollars speculating during the stock market crash of 2008. When his ni...
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