单选题Which of the following qualifies as a cumulative distribution function? A. F(1)=0.5, Y(2)=0.25, F(3)=0.25. B. F(1)=0, F(2)=0.5, F(3)=0.5, F(4)=0. C. g(1)=0, F(2)=0.25, F(3)=0.50, F(4) =1.
单选题A companys asset beta is 1
单选题According to International Financial Reporting Standards, which of the following is one of the conditions that must be met for revenue recognition to occur? A. Costs can be reliably measured. B. Payments has been partially received. C. Goods have been delivered to the customer.
单选题A company has initiated the process of selling unproductive land representing 5% of its total assets and using the proceeds to buy back its common shares
单选题An analyst gathers the following information about a company and the company's industry:
company
industry
accounts receivable turnover
inventory turnover
number of days of payable
5.6 times
4.2 times
28 days
6.5 times
4.0 times
36 days The company's operating cycle: A. and cash conversion cycle are both longer. B. is longer, but the cash conversion cycle is shorter. C. is shorter, but the cash conversion cycle is longer.
单选题Which of the following statements most accurately describes why the Global Investment Performance Standards (GIPS) were created? To: A. meet the need for a single globally accepted set of investment performance presentation standards. B. meet the need for a single globally accepted set of regulatory guidelines among developed securities markets. C. provide comparability of performance results among nations for which no presentation guidelines currently exist.
单选题A scientist working for a pharmaceutical company tries many models using the same data before reporting the one that shows that the given drug has no serious side effects. The scientist is guilty of:
单选题Is an option-free bond's price sensitivity positively correlated with the: Bond's coupon rate Level of market interest rates ①A. No Yes ②B. No No ③C. Yes No
单选题An analyst does research about common-size financial statements and develops the appropriate common-size financial statements to analyze trends over time for a company. Information selected from those common-size statements follows: 2008 2009 2010 2011 Stated as a percentage of assetsfor each year: Inventory 8% 8% 7% 7% Stated as a percentage of sales foreach year: Cost of goods sold 46% 42% 36% 34% Earnings before interest and taxes 15% 18% 20% 25% Interest expense 6% 7% 7% 8% Which of the following conclusions based on the information above would be correct regardless of changes in the company's total asset turnover ratio during the same period? From 2008 to 2011, the company most likely experienced a(n): A. increase in the interest coverage ratio. B. decrease in the interest coverage ratio. C. decrease in the inventory turnover ratio.
单选题An investment policy statement for a firm's short-term cash management function would least appropriately include : A. a list of permissible securities. B. procedures to follow if the investment guidelines are violated. C. limits on the proportion of the portfolio which can be invested in each permitted security type.
单选题Assume that a monopoly is charging a price higher than the price that would exist in pure competition
单选题Brian Ci believes that the average return on equity in the airline industry,, is less than 5 percent
单选题Consider a quarterly-pay currency swap where Party A pays London Interbank Offered Rate (LIBOR) on $1000000 and Party B pays 4 percent on 900000 euros. Current LIBOR is 3 percent and at the end of 90 days it is 4 percent. Which of the following statements regarding the first settlement date is TRUE?
单选题Which of the following statements is true of futures contracts? A. All futures contracts are bought and sold on organized exchanges and the terms of futures contracts are determined by the buyers and sellers themselves. B. The Clearinghouse serves to guarantee the performance of all parties to futures contracts. C. Both are true.
单选题A coupon bond:
单选题Which of the following would be permissible under Standard Ⅱ (C) , Misrepresentation? A. Including a graph showing the Fed's discount rates over the previous 12 months in a report that goes to clients. B. Using excerpts from a report prepared by a well known outside research firm without acknowledgement. C. Reporting statistics prepared by an outside firm, identifying the source but omitting caveats and qualifying statements.
单选题CPI data for a recent 12-month period:
category
percent of index
current price level
year-ago price level
commodities
70
140
145
services
30
80
76 The annual inflation rate as
measured by CPI was closest to:
A. -3.62%
B. -1.85%
C. 1.85%
单选题Which of the following statements about the liability method of accounting for deferred taxes is FALSE? A. The focus of the liability method is the balance sheet. B. The estimates of future tax liability are changed if the tax rate is changed. C. Deferred tax assets and liabilities result from the calculation of deferred tax expense.
单选题Which of the following statements about special purpose vehicles (SPVs) is most accurate?
单选题Pischke Motors provided you with the following financials: Beginning LIFO Reserve $ 2484 Cost of Goods Sold (COGS) using LIFO $ 3988 COGS using FIFO of $ 2004 What is the ending LIFO reserve?