单选题Marginal benefit is most accurately described as the: A. benefit from producing one more unit of a good or service. B. benefit an individual gets from consuming an additional unit of a good or service. C. benefit that must be forgone in order to consume an additional unit of a good or service.
单选题When an unreliable estimate of costs exists and ultimate payment is assured, which of the following revenue recognition methods should be used?（ ）
单选题Carmelo Anthony, CFA, is a mining analyst for East Bank Securities. Anthony estimates the following information about a mining company he covers: Conditions Probability P(Ratings upgrade) 0.60 P(Company issues new debt) 0.50 P(Ratings upgrade, given the company issue new debt) 0.84 Using the total probability rule, given the company does not issue new debt, the probability of a rating upgrade is closest to: A. 0.24 B. 0.34 C. 0.36
单选题An analyst does researchabout lease. When compared to a leasor, which of the following is most appropriate adjustment to the balance sheet of a leasee? A. increasing assets and liabilities by the sum of future lease payments. B. increasing assets and liabilities by the present value of future leased payments. C. decreasing assets and liabilities by the present value of future leased payments.
单选题Which of the following would NOT be found in the statement of stockholders" equity?
单选题Given the following income statement:
Net Sales
200
Cost of Goods Sold
55
Gross Profit
145
Operating Expenses
30
Operating Profit (EBIT)
115
Interest
15
Earnings Before Taxes (EBT)
100
Taxes
40
Earnings After Taxes (EAT)
60
What are the interest coverage ratio and the net profit margin?
Interest Coverage Ratio Net Profit Margin
①A. 7.67 0.30
②B. 0.57 0.56
③C. 2.63 0.30
单选题Which one of the following Federal Reserve monetary policies, when pursued in line with the U. S. government's fiscal policies, would help increase aggregate demand during a period of high unemployment? A. An increase in the reserve requirements for financial institutions. B. A decrease in the discount rate. C. An increase in the margin requirements at brokerage firms.
单选题An analyst conducts a two-tailed test to determine whether differences between the means of two populations exist:H0 :1 -2=0 versus H2 :1 -2 0
单选题At the beginning of the year a company purchased a fixed asset for $500,000 with no expected residual value
单选题A 2-year, zero-coupon U. S. Treasury note is least likeLy to have: A. inflation risk. B. currency risk. C. volatility risk.
单选题The value of an hour's labor in terms of goods and services is called:
A. the real wage rate.
B. the nominal wage rate.
C. total labor compensation.
单选题Euribor is : A. a London interbank lending rate. B. the rate on U. S. dollar deposits in continental Europe. C. published by the European Central Bank.
单选题While working abroad, U. S. citizen Dirk Senik purchases a foreign bond
with an annual coupon of 7.5 percent for 95.5. One year later, the exchange rate
between the dollar and the foreign currency remains unchanged and he sells the
bond for 97.25, resulting in a holding period return of 9.7 percent. If the
foreign currency had depreciated in relation to the dollar, Senik's return would
be:
A. greater than 9.7 percent.
B. equal to 9.7 percent.
C. less than 9.7 percent.
单选题Johannes Meir, CFA, is a compliance officer for Family Estate Planning, LLC, a private-wealth consulting firm
单选题The best way to determine the suitability of an investment is（ ）
单选题An analyst does research about a multistage dividend discount model. When the required rate of return decreases and all else being equal, the intrinsic value most likely: A. remains unchanged. B. increases. C. decreases.
单选题An analyst has recently determined that only 70 percent of all U.S. pension funds have holdings in hedge funds. In evaluating this probability, a random sample of 40 U.S. pension funds is taken. The number of U.S. pension finds in the sample of 40 that have hedge funds in their portfolio would most accurately be described as（ ）
单选题The following information is available for a portfolio:
The return on the portfolio is closest to:
单选题Advisors, Inc. , is in the process of adopting the Global Investment Performance Standards (GIPS). The managers of the firm are combining the results of fee - paying discretionary portfolios into composites for reporting purposes. For purpose of comparison, each fee - paying discretionary portfolio must be included in at least:
单选题Which of the following is an example of an arbitrage opportunity?