单选题Given the following data what is the ending inventory using the
average cost method?
Purchases
Sales
40 units at $ 60/unit
25 units at $ 65/unit
50 units at $ 55/unit
30 units at $ 60/unit
60 units at $ 45/unit
40 units at $ 50/unit
A. $ 2933.
B. $ 3141.
C. $ 2878.
单选题Helen Hawke, CFA, does research about foreign exchange market. Hawke gathers the following information about currency spot rates: Spot Rate CAD/USD 0.9811 EUR/USD 1.2388 Note: CAD/USD exchange rate quote convention is CAD per USD. CAD=Canadian dollar, USD=U. S. dollar, EUR=euro. The cross-rate EUR/CAD is closest to: A. 0.7920 B. 1.2154 C. 1.2627
单选题Robin Herring, CFA, is a government bond research analyst at an independent credit rating agency
单选题An unrealized gains on a marketable security classified as trading is most likely reflected on: A. the balance sheet only. B. the income statement only. C. both the balance sheet and the income statement.
单选题Which of the following statements would most likely be considered a poor corporate practice in terms of promoting shareholder interests?
单选题Ananalystdoesresearchaboutprice-to-earningsratioandgatheredthefollowingnformationaboutthreecommonstockswiththesameretentionratio:Thehighestprice-to-earnings(P/E)ratioismostlikelyassociatedwith:A.StockA.B.StockB.C.StockC.
单选题If an analyst is preparing common-size financial statements the most appropriate way of expressing the interest expense is as a percentage of:
单选题ConsiderthefollowinggraphoftheSecurityMarketLine(SML).ThelettersX,Y,andZrepresentriskyassetportfolios.TheSMLcrossesthey-axisatthepoint0.07.Theexpectedmarketreturnequals13.0percent.Basedontheaboveinformationandgraphprovided,whichofthefollowingstatementsisCORRECT?A.Thecorrectlabelforthex-axisisaveragerisk.B.PortfolioX'srequiredreturnisgreaterthanthemarketexpectedreturn.C.TheexpectedreturnforPortfolioZisequalto14.8%.
单选题If X and Y are independent events, which of the following must be TRUE
?
A. P( X or Y)=P(X)+P(Y).
B. X and Y cannot occur together.
C. P(X|Y)=P(X).
单选题Don Benjamin, CFA, is the compliance officer for a large brokerage firm. He wants to prevent the communication of material nonpublic information and other sensitive information from his firms investment banking and corporate finance departments to its sales and research departments. The most common and widespread approach that Benjamin can use to prevent insider trading by employees is the（ ）
单选题Which of the following statements about portfolio risk and diversification is least accurate? A. Unsystematic risk can be substantially reduced by diversification. B. Systematic risk can be eliminated by holding securities in a well-diversified international stock portfolio. C. Diversification results from combining securities that have less than perfect positive correlation between their returns to reduce portfolio risk.
单选题An analyst calculates the following ratios for a firm:
单选题The Better Building Company has a contract to build a building for $100 million. The estimate of the cost of the project is $ 75 million. In the first year of the project, BB had costs of $ 30 million. The Better Building Company' s reported profit for the first year of the contract, using the percentage-of-completion method, is:
单选题There is a 40% chance that the economy will be good next year and a
60% chance that it will be bad. If the economy is good, there is a 50 percent
chance of a bull market, a 30% chance of a normal market, and a 20% chance of a
bear market. If the economy is bad, there is a 20% chance of a bull market, a
30% chance of a normal market, and a 50% chance of a bear market. What is the
probability of a bull market next year?
A.32%.
B.50%.
C. 12%.
单选题Are the following statements about trade debt and customer advances true or false? Statement 1: Trade debt is reported in the balance sheet at the present value of the future expected cash flows discounted at the firm' s weighted-average cost of capital. Statement 2: For analytical purposes, customer advances should be viewed as a prediction of future revenues rather than as an expected cash outflow. Statement 1 Statement 2 ①A. False True ②B. False False ③C. True True
单选题Which of the following activities in the futures market describes a short hedge? A. Intercon Bakery has a contract with several hotel chains to supply a variety of bread products at a set contract price. To protect against their cost of wheat increasing they periodically purchase wheat futures. B. A trader who purchases commodity futures but closes out his position prior to the end of the trading day. C. A farmer with corn acreage who short sells corn futures.
单选题Under which type of market structure are the production and pricing
alternatives of a firm most affected by the decisions of its competitors?
A. Monopoly.
B. Perfect competition.
C. Oligopoly.
单选题Which of the following statements regarding diminishing marginal returns is most accurate? A. As the quantity produced rises, costs begin to rise at a decreasing rate. B. As the quantity produced falls, costs begin to rise at a decreasing rate. C. As the quantity produced rises, costs begin to rise at an increasing rate.
单选题An analyst does research about capital budgeting. A company that has a weighted average cost of capital of 17 percent is considering an independent capital project that has the same risk as the company, an estimated internal rate of return of 19 percent and cash inflows that are expected at equal intervals over the life of the project. If the project is accepted, cash flows associated with the project are received as expected, and the company's weighted average cost of capital remains unchanged over the life of the project, the actual rate of return earned by the project is most likely to be: A. less than 19%. B. more than 19%. C. equal to 19%, because the actual cash flows equal the expected cash flows.
单选题Aninvestorbuysstockonmarginandholdsthepositionforexactlyoneyear.Assumingthattheinterestontheloanandthedividendarebothpaidattheendoftheyear,thepriceatwhichtheinvestorsoldthestockisclosestto: