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.

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

Every 10 years, the federal government sponsors a national survey of health and health practices (nhanes). one question in the survey asks participants to rate their overall health using a 5-point rating scale. what is the scale of measurement used for this question? ratio ordinal interval nominal

Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows: treadmill exercise bike total sold 185 123 service contracts 67 55 the store can only sell a service contract on a new piece of equipment. of the 185 treadmills sold, 67 included a service contract and 118 did not.