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Tutor profile: Chase D.

Inactive
Chase D.
CPA, Audit Associate with a Public Accounting Firm
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Questions

Subject: Basic Math

TutorMe
Question:

What is the average and sum of the numbers 1-10.

Inactive
Chase D.
Answer:

Sum = 55 Average = 5.5

Subject: Personal Finance

TutorMe
Question:

Who should invest in Bonds, and who should invest in Domestic and International equities.

Inactive
Chase D.
Answer:

Investors who are risk adverse (i.e. older persons) should invest in Bonds as they are far less risky. Those who can take more risk should invest in equitable securities as they carry more risk, but give a greater return.

Subject: Accounting

TutorMe
Question:

How are large assets with long useful lives recorded on the books?

Inactive
Chase D.
Answer:

Depreciation is recorded, and therefore the asset is expensed over the useful life of the asset. Each period, depreciation is recorded and decreases the net book value of the asset over time.

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