单选题Which of the following is least likely to be considered a necessary condition for a monopolist to realize profits from price discrimination? A. A product for which the demand curve is downward sloping. B. At least two groups of customers, each with a different price elasticity of demand. C. Two different costs of production.
单选题Assume that for the average consumer, the quantity demanded for jeans increases from 5 to 7 pairs per year in response to a price decrease from $ 29 to $ 24 per pair. The price elasticity and relative elasticity of demand for jeans is best described by which of the following? Price elasticity of demand Relative elasticity ①A. -1.77 Relatively inelastic ②B. -2.32 Relatively elastic ③C. -1.77 Relatively elastic
单选题At the beginning of the year, Alpha Corporation purchased 10000 shares of Beta Corporation for $ 20 per share. During the year, Beta paid a $ 2000 cash dividend to Alpha. At the end of the year, Beta's stock was selling for $ 22 per share. What amount should Alpha recognize in its year-end income statement if the investment is treated as an available-for-sale security and what amount should be recognized in the income statement if the investment is treated as a trading security? Available-for-sale Trading security ①A. $ 2000 $ 20000
②B. $ 2000 $ 22000
③C. $ 0 $ 22000
A．① B．② C．③
单选题Portfolios located to the right of the market portfolio on the capital market line are:
单选题Assume that Q-Tell Incorporated is in the communications industry, which has an average receivables turnover ratio of 16 times. If the Q-Tell's receivables turnover is less than that of the industry, Q-Tell's average receivables collection period is most likely:
单选题An analyst does research about pro forma net income and gathers the following information about a company for 2011 (in millions): Gross profit $360 Selling, general, and administrative expenses $140 Operating income $220 Interest expense $40 Eamings before taxes $180 Taxes (30% tax rate) $30 Net income $126 In 2012, the company's interest expense is expected to grow by 5%, and tax rate is expected to remain the same. All other components of the income statement vary in direct proportion to sales. If the company's revenues are expected to grow by 12%, the company's pro forma net income for 2012 is closest to: A. $141 million. B. $143 million. C. $156 million.
单选题Which one of the following statements about the marginal cost of capital (MCC) is TRUE? A. The MCC is the cost of the last dollar obtained from bondholders. B. The MCC is the cost of the last dollar obtained from shareholders. C. The breakpoint on the marginal cost curve is calculated by dividing retained earnings by the equity weight in the capital structure.
单选题Two ways in which economic activity may be coordinated include: A. market coordination and structural coordination. B. firm coordination and structural coordination. C. market coordination and firm coordination.
单选题An energy analyst forecasts that the price per barrel of crude oil five years from now will range between $ 75 and $105. Assuming a continuous uniform distribution, the probability that the price will be less than $ 80 five years from now is closest to:
单选题Which of the following statements regarding economic and technological efficiency is most accurate?（ ）
单选题Which statement about mutual funds is most accurate? A. The redemption fee for a closed-end fund is the commission charged on the sale and a portion of the bid/ask spread of the shares. B. Some open-end funds charge no fees. C. Closed-end funds trade at the net asset value.
单选题The decision whether to add capital equipment to the production process should be based on: A. future value, using the cost of financial capital as a benchmark. B. present value, using the marginal revenue product of capital as a benchmark. C. present value, using the cost of financial capital as a benchmark.
单选题Stanley Corp. had 100000 shares of common stock outstanding throughout
2004. It also had 20000 stock options with an exercise price of $ 20 and
another 20000 options with an exercise price of $ 28. The average market price
for the company' s stock was $ 25 throughout the year. The stock closed at $ 30
on December 31,2004. What are the number of shares used to calculate diluted
earnings per share for the year?
A. 105000.
B. 110000.
C. 104000.
单选题A downward sloping yield curve generally implies:
A. interest rates are expected to increase in the future.
B. longer-term bonds are riskier than short-term bonds.
C. interest rates are expected to decline in the future.
单选题Assumea365-dayyearandthefollowinginformationforacompany:CurrentyearPreviousyearSales$12,000$10,000Costofgoodssold$9,000$7,500Inventory$1,200$1,000Accountspayable$600$600Thefirmsdaysinpayablesforthecurrentyearisclosestto:
单选题Which one of the following statements best expresses the central concept of counter cyclical fiscal policy? A. Planned deficits are experienced during economic booms, and planned surpluses during economic recessions. B. The balanced budget approach is the proper criterion for determining annual budget policy. C. Deficits are planned during economic recessions, and surpluses are used to restrain inflationary booms.
单选题Kenneth, CFA, is a portfolio manager at A&B limited, if he suspects a colleague at his company of engaging in ongoing illegal activities, as according to the AIMR Standards of Professional Conduct, he is required to take all of the following actions EXCEPT: A. determine whether the conduct is, in fact, illegal. B. disassociate himself from any illegal activity. C. report the illegal violations to the appropriate governmental or regulatory organizations.
单选题Stanley Corp. had 100000 shares of common stock outstanding throughout 2004. It also had 20000 stock options with an exercise price of $ 20 and another 20000 options with an exercise price of $ 28. The average market price for the company' s stock was $ 25 throughout the year. The stock closed at $ 30 on December 31,2004. What are the number of shares used to calculate diluted earnings per share for the year?
单选题Randolf is single and willing to invest a portion of his assets very aggressively; Kitagawa wants to achieve a steady rate of return with low volatility so she can pay for her childs current college expenses
单选题Based on put-call parity for European options, a synthetic put is most likely equivalent to a: