单选题IncomeStatementMillions($)Revenues9.8Variableoperatingcosts7.2Fixedoperatingcosts1.5Operatingincome1.1Interest0.6Taxableincome0.5Tax0.2Netincome0.3Thedegreeofoperatingleverage(DOL)isclosestto
单选题Peter Wallace wants to deposit $10000 in a bank certificate of deposit
(CD). Wallace is considering the following banks: ? Bank A
offers 5.72 percent annual interest rate compounded quarterly.
Bank B offers 5.75 percent annual interest rate compounded monthly.
Bank C offers 5.70 percent annual interest compounded daily.
Which bank offers the highest effective interest rate and how much?
A. Bank A, 5.88%.
B. Bank B, 5.90%.
C. Bank C, 5.87%.
单选题Which of the following is most likely a limitation of the yield to maturity measure?
单选题An investor holds a portfolio of two stocks, ABC Inc. , and XYZ Corp, and is considering adding the stock of New Company to her portfolio. For diversification purposes, the most important factor for her considers where making this decision is:
单选题According to the modem view of the Phillips curve, the actual inflation is 6% , while the expected inflation 5% , the most likely initial effect is that: A. the natural rate of unemployment will fall. B. the natural rate of unemployment will rise. C. unemployment will fall below its natural rate.
单选题Which of the following is the least likely characteristic of the normal probability distribution
单选题Par-Mac Corporation is a joint venture equally controlled by Parker Company and Macintosh Company. Which method should Macintosh use to account for its ownership interest in Par-Mac according to U. S. Generally Accepted Accounting Principles ( U. S. GAAP), and which method recommended for Parker under International Financial Reporting Standards (IFRS) ?
U.S. GAAP IFRS
①A. Equity method Proportionate consolidation method
②B. Equity method Consolidation method
③C. Consolidation method Proportionate consolidation method
单选题Which of the following contracts is least likely to be traded on an exchange?
单选题Which of the following statements about the characteristics of a monopoly and those of an oligopoly is least accurate?（ ）
单选题Which of the following statement is least likely correct? A speculative: A. stock is usually under priced. B. company has highly risky assets. C. stocks have a slight probability of an enormous return.
单选题Phil Trobb, CFA, is preparing a purchase recommendation on Aneas Lumber for his research firm. All of the following are potential conflicts of interest EXCEPT: A. Aneas hires Trobb as a consultant to analyze Aneas' financial statements. B. Trobb's family trust has a large stake of ownership in Aneas Lumber. C. Trobb's cousin repairs machines for Aneas.
单选题In early 2011, a New Zealand traveler returned from Singapore with SGD7,500 (Singapore dollars)
单选题A company suffered a substantial loss when its production facility was destroyed in an earthquake against which it was not insured
单选题Michael Robe, CFA, is a junior analyst for a large financial institution and has been preparing an analysis of United Mines, a coal mining company located in the United States. As part of his research, he examines the company's proxy voting and rules and practices. Which of the following policies would be considered the most restrictive to shareholders? A. United Mines allows proxy voting. B. Shareholders of United Mines are allowed to cast confidential votes but must be present to do so. C. United Mines requires shareowner attendance to vote but coordinates the timing of its annual meeting to hold them on the same day as other companies in the region.
单选题The most commonly used tool of the Fed to control interest is:
单选题A company acquires a manufacturing facility in which it will produce toxic chemicals. The cost of the facility (exclusive of the underlying land) is $ 25 million and it is expected to provide a 10-year useful life, after which time the company will demolish the building and restore the underlying land. The cost of this restoration and cleanup is estimated to be $3 million at that time. The facility will be amortized on a straight-line basis. The company's discount rate associated with this obligation is 6.25 percent. The total expense that will be recorded in the first year associated with the asset retirement obligation on this property is closest to:
单选题Thefollowinginternationaltradeinformationisavailableforahypotheticaleconomy:ExportsImportsInitialValue(DCU)4,8006,500Demandelasticity0.700.55DCU:domesticcurrencyunitsFollowinga12%depreciationintheDCU,thetradebalancewillbeclosestto:
单选题The yield to maturity for a semiannual-pay, 10 -year corporate bond is
5.25 percent. What is the bond's annual equivalent yield?
A. 5.00%.
B. 5.25%.
C. 5.32%.
单选题If a profit maximizing firm finds that its marginal revenue exceeds its
marginal cost, it should:
A. increase output if it is a price taker, but not if it is a price
searcher.
B. decrease output, regardless of whether it is a price taker or a price
searcher.
C. increase output, regardless of whether it is a price taker or a price
searcher.
单选题Which of the following statements regarding regulations governing the short-sale process is FALSE? A. The short seller must pay a margin equivalent to the prevailing margin requirement when the transaction is made. B. If dividends are paid on the stock during the short-sale transaction, the short seller must pay dividends to the investor that loaned the stock. C. The short-sale process must be completed within a 90-day period.