单选题Peterson Painting Company is a commercial painting contractor. At the
beginning of 20×7, Peterson' s net working capital was $ 350000. The following
transactions occurred during 20×7 :
Performed services on credit
$150000
Purchased office equipment for cash
10000
Recognized salaries expense
54000
Purchased paint supplies on on credit
25000
Consumed paint supplies
20000
Paid salaries
50000
Collected accounts receivable
157000
Recognized straight-line depreciation expenses
2000
Paid accounts payable
15000 Calculate
Peterson' s working capital at the end of 20×7.
Working capital Change in cash ①A.
$ 416000 $ 80000
②B. $ 414000 $ 82000
③C. $ 416000 $ 82000
A. ①
B. ②
C.③
单选题A call market is least likely characterized as a market: A. with bid-ask prices posted by dealers. B. where buy-sell orders are cleared at a single equilibrium price. C. with participation by a small number of active investors-traders.
单选题For derivative contracts, the notional principal is best described as
单选题Which of the following is least likely to be an obstacle to the
efficient allocation of resources?
A. Price controls.
B. Taxes.
C. Technological advancement.
单选题If Investor A has a lower risk aversion coefficient than Investor B, on the capital allocation line, will Investor Bs optimal portfolio have a higher expected return?
单选题Which of the following statements about the relationship between
interest rates and the demand for and supply of money is most accurate? Interest
rates affect:
A. the supply of money only.
B. both the demand for and supply of money.
C. the demand for money only.
单选题the expected dividend payout ratio of a firm is expected to rise from 50 percent to 55 percent, the cost of equity is expected to increase from 10 percent to 11 percent, and the firms growth rate remains at 5 percent, what will happen to the firms price-to-equity (P/E) ratio? It wil（ ）
单选题ff the payout ratio increases, the P/E multiple will: A. increase, if we assume that the growth rate remains constant. B. always increase. C. decrease, if we assume that the growth rate remains constant.
单选题An analyst does research about collateralized mortgage obligation (CMO). Which of the following statements is least accurate with respect to motivation for creating a collateralized mortgage obligation? A. A collateralized mortgage obligation appeals to a wider audience and decrease overall borrowing costs. B. A collateralized mortgage obligation creates securities with various maturity ranges. C. A collateralized mortgage obligation redistributes the prepayment risk pro rata among investors.
单选题Which of the following is the shape of an inverted yield curve or term structure?
单选题Four countries operate within a customs union
单选题A 20-year $1,000 fixed-rate non callable bond with 8% annual coupons currently sells for $1105
单选题A 5 percent coupon bond with semi-annual coupon payments on a coupon payment date when the coupon has NOT been paid yet and the bond has a $1000 par value. What is the accrued interest of the bond and what is the bond' s full price.? Accrued Interest Full Price ①A. $ 25 $1000
②B. $25 $1025
③C. $50 $1050
A．① B．② C．③
单选题Determine the cash flow from investing given the following table
单选题Which of the following statements is most accurater? A set of events is mutually exclusive means: A. the events cover all possible outcomes. B. only one event can occur at a time. C. the sum of all the events' probabilities equals one.
单选题An analyst does research about the option markets and contracts. With respect to an option on a non-dividend paying stock, and all else being equal, which of the following statements is most accurate? The longer-term European put will tend to be worth more than the short-term European put when: A. volatility is greater and interest rates are lower. B. volatility is greater and interest rates are higher. C. volatility is less and interest rates are higher.
单选题An investor has identified the following possible portfolios. Which portfolio lies to the right of the efficient frontier?
单选题Discretionary fiscal policy can be defined as: A. a situation in which total government spending exceeds total government revenue during a specific time period, usually one year. B. a change in laws or appropriation levels that alters government revenues and/or expenditures. C. a situation in which total government spending is less than total government revenue during a time period, usually one year.
单选题An analyst does research about balance sheets. Which of the following is NOT a component of the owners' equity section of the balance sheet? A. Goodwill. B. Issued capital. C. Noncontrolling interests.
单选题In October, James Knight owned stock in Valerio, Inc. , that was
valued at $45 per share. At that time, Knight sold a call option on Valerio with
an exercise price of $60 for $1.45. In December, at expiration, the stock
is trading at $32. What is Knight's profit (or loss) from his covered call
strategy? Knight:
A. lost $11.55.
B. lost $13.00.
C. gained $1.45.