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denis23 [38]
3 years ago
12

Joe bought a stock at $57 per share. The price promptly fell to $55. Joe held on to the stock until it again reached $57, and th

en he sold it once he had eliminated his loss. If other investors do the same to establish a trading pattern, this would contradict ________.
Business
1 answer:
Y_Kistochka [10]3 years ago
4 0

Answer: Weak form EMH

Explanation:

Weak form efficiency is also called the random walk theory states that past volume, price movements and earnings do not affect the price of a stock and can not be used to forecast its future direction. Weak form efficiency states that prices of future securities are random and not determined by past events and that there is no relationship between past information and current market prices.

The principle of weak form efficiency has been contradicted because other investors are making use of Joe's past information to create a trading pattern.

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dditional Information Accrued sales salaries amount to $2,400. Prepaid selling expenses of $2,100 have expired. A physical count
saul85 [17]

Answer:

A) Adjusting entries:

Dr Sales salaries expense 2,400

    Cr Sales salaries payable 2,400

Dr Selling expenses 2,100

    Cr Prepaid selling expenses 2,100

Dr Cost of goods sold 3,700

    Dr Merchandise inventory 3,700

B) prepare the closing entries

Dr Sales revenue 550,900 (net = $557,000 - $19,900 - $6,200)

    Cr Income summary 550,900

Dr Income summary 484,200

    Cr Cost of goods sold 239,700 (net = $236,000 + $3,700)

    Cr Sales salaries expense 62,400 (net = $60,000 + $2,400)

    Cr Selling expense 44,100 (net = $42,000 + $2,100)

    Cr Utilities expense 21,000

    Cr Administrative expense 117,000

Dr Income summary 66,700 (= $550,900 - $484,200)

    Cr Retained earnings 66,700

Dr Retained earnings 45,000

    Cr Dividends 45,000

   

7 0
3 years ago
Why does the increased demand for more service make product management more difficult?
Rama09 [41]

Answer:

One of the hardest challenges in product management is getting people aligned—especially if they have different reporting lines and objectives. Here it helps to remember that our job is not to have all the answers—but to ask the best questions.

Explanation:

4 0
2 years ago
Read 2 more answers
Hilton's​, a​ home-improvement store​ chain, reported these summarized​ figures:_______.
Nataly_w [17]

Answer:

a. 2017 ⇒ 1.50

   2016 ⇒1.58

b. Deteriorate

Explanation:

a. Current ratio 2017

= Current Assets / Current liabilities

= 6,708,700 / 4,470,000

= 1.50

Current ratio 2016

= 5,848,000 / 3,700,000

= 1.58

b. The current ratio went from 1.58 in 2016 to 1.50 in 2017 which would mean that it deteriorated.

8 0
3 years ago
Majestic Corporation manufactures wheel barrows and uses budgeted machine hours to allocate variable manufacturing overhead. The
andre [41]

Answer:

$409185

Explanation:

Given: Budgeted output units: 28,475 units

Budgeted machine-hours: 17,085 hours

Budgeted variable manufacturing overhead costs for 28,475 units: $358,785

Actual output units produced: 32,475 units

Actual machine-hours used: 15,000 hours

Actual variable manufacturing overhead costs: $384,060.

First, we will find Budgeted machine hour per unit produced.

Budgeted machine hour per unit produced=  \frac{Budgeted\ machine\ hour}{Budgeted\ units}

⇒Budgeted machine hour per unit produced= 17085\div 28475= 0.6

∴Budgeted machine hour per unit produced= 0.6

Budgeted machine hours allowed for 32475 units= 32475\times 0.6= 19485

Budgeted variable overhead rate per machine hour= \textrm {Budgeted variable manufacturing overhead costs}\div Budgeted\ machine\ hours

Budgeted variable overhead rate per machine hour= 358785\div 17085= \$ 21

Now, lets find out flexible budget amount.

Flexible budget amount= \textrm{Budgeted machine hours allowed}\times \textrm{Budgeted variable overhead rate}

Flexible budget amount= 19485\times \$ 21= \$ 409185

∴Flexible budget amount for variable manufacturing overhead= $409185

6 0
3 years ago
When housing prices ________ as they did beginning in 2006 following the housing market bubble, most banks and other lenders tig
-Dominant- [34]

Answer:

"Fell" "Harder"

Explanation:

When housing prices fell as they did beginning in 2006 following the housing market bubble, most banks and other lenders tightened the requirement for borrowers, making it harder for potential home buyers to obtain mortgages.

6 0
3 years ago
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