CISCO System's stock has a correlation with the market of 0.65. CISCO's standard deviation of returns is 45% and standard deviation of the market is 20%. What is CISCO System's beta?

People from countries that have significant differences in language will find it more difficult to negotiate.

a. true b. false

Emerald, Inc., earned revenues of $69,000 and incurred expenses of $74,000. No dividends were declared. Which of the following statements is correct?

A) The entry to close Income Summary is the same regardless of a net income or a net loss. B) Retained Earnings will be debited for $5,000 and Income Summary will be credited for $5,000. C) The entries to close revenues and expenses will differ if there is a net loss. D) The entry to close Income Summary requires a debit to the Income Summary account.