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Chase D.
CPA, Audit Associate with a Public Accounting Firm
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Basic Math
TutorMe
Question:

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

Chase D.
Answer:

Sum = 55 Average = 5.5

Personal Finance
TutorMe
Question:

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

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.

Accounting
TutorMe
Question:

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

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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