单选题Thefollowinginformationappliestoastart-upcompanysolelyownedbyanentrepreneur.ValueTotalunitsproduced3,550Averagerevenue$1,110Averagevariablecost$750Totalfixedcost$300,000Totalinvestment$1,550,000Requiredrateofreturn12.5%Opportunitycostofownerslabor$125,000Thecompanyseconomicprofitisclosestto:
单选题Something that oligopolists will try to engage in with another firm in setting a higher price is called :
单选题Using the one-year holding period and multiple-year holding period dividend discount model (DDM), calculate the change in value of the stock of Monster Burger Place under the following scenarios. First, assume that an investor holds the stock for only one year. Second, assume that the investor intends to hold the stock for two years. Information on the stock is as follows: Last year's dividend was $ 2.50 per share. Dividends are projected to grow at a rate of 10.0% for each of the next two years. Estimated stock price at the end of year 1 is $ 25 and at the end of year 2 is $ 30. Nominal risk-free rate is 4.5%. The required market return is 10.0%. Beta is estimated at 1.0. The value of the stock if held for one year and the value if held for two years are, respectively:
单选题Oliver Opdyke, CFA, works for an independent research organization that does not manage any client money
单选题Thefollowinginformationappliestoacapitalassetofacompany:Thiscompanyusesthestraightlinedepreciationmethodforthiscapitalasset.Attheendof2014,theexpectedremaininglifeofthecapitalasset,inyears,isclosestto:
单选题Which of the following statements concerning Taylor's and Sims's conduct is TRUE? A. Taylor is in violation of Standard Ⅱ (B) , but Sims is not in violation. B. Both Taylor and Sims are in violation of Standard Ⅱ (B). C. Neither Taylor nor Sims is in violation of Standard Ⅱ (B).
单选题Ananalystdoesresearchaboutrelationshipbetweenmarginalcostofcapitalscheduleandinvestmentopportunityschedule.Asacompanycontinuestoraiseadditionalcapitalandinvestsinadditionalcapitalinvestmentprojects,howwillmarginalcostofscheduleandinvestmentopportunitychange?
单选题ThediagramtothebelowillustratesaconsumersallocationofherbudgetbetweenitemsXandY.Withaninitialbudget(BC1)sheconsumesQaunitsofitemY.WhenthepriceofYdrops,sheconsumesQcunitsofitemY.LinesBC2andBC3areparalleltooneanother.TheincomeeffectarisingfromthischangeinthepriceofYisbestdescribedasthedistancebetween:
单选题In a two - tailed hypothesis test, Jack Olson observes a t - statistic
of -1.38 based on a sample of 20 observations where the population mean is zero.
If you choose a 5 percent significance level, you should:
A. reject the null hypothesis and conclude that the population mean is
significantly different from zero.
B. fail to reject the null hypothesis that the population mean is not
significantly different from zero.
C. reject the null hypothesis and conclude that the population mean is not
significantly different from zero.
单选题Themostrecentreturnsofafundareasfollow:YearReturn(%)2007-20.60200815.0020090.5020109.8020114.60Themeanabsolutedeviationofreturnsforthefundisclosestto:
单选题A company reports the following information in its financial statements in 2011: ·Net income is $85000 ·Common share dividends is $40000 ·Average total assets is $570500 ·Average total liabilities is $320500 ·Tax rate is 40% The company's sustainable growth rate is closest to: A. 8% B. 11% C. 18%
单选题In periods of rising prices and stable or increasing inventory quantities, which of the following statements about companies that use LIFO inventory accounting compared with FIFO is least accurate? Compared with FIFO companies, LIFO companies will have: A. higher COGS, lower taxes. B. higher net income, higher taxes. C. higher cash flows, lower working capital.
单选题A fund manager would like to estimate the probability of a daily loss higher than 5% on the fund he manages
单选题Ileana Inkster, CFA, was recently offered a senior management position within the trust department at a regional bank
单选题In a common-size financial statements, which of the following statement is TRUE? A. A common size balance sheet expresses all balance sheet accounts as a percentage of total asset. B. Common size ratios are useful in comparing companies of different sizes. C. All of the above.
单选题Which of the following efficient markets studies suggests that
securities markets are semistrong-form efficient?
A. Small-firm effect.
B. Short-term stock splits.
C. Neglected-firm effect.
单选题Which one of the following statements is FALSE?（ ）
单选题Which of the following actions is least likely to immediately increase earnings? A. Selling more inventory than is purchased or produced. B. Lowering the salvage value of depreciable assets. C. A high proportion of management' s compensation depends on the firm exceeding targets for earnings or the stock price.
单选题AccordingtotheGlobalInvestmentPerformanceStandards(),whichofthefollowingstatementsismostaccurat.eaboutcompositesusedforperformancepresentationofainvestmentmanagementfirm?A.Compositesmustincludeoneormoreportfoliosmanagedtoasimilarinvestmentstrategy,objectiveormandate.B.Compositesmustincludealldiscretionaryandnon-discretionaryportfoliosmanagedtoasimilarinvestmentstrategy,objectiveormandate.C.Compositesmustincludeallfee-payingandnon-feepayingportfoliosmanagedtoasimilarinvestmentstrategy,objectiveormandate.
单选题Which of the following characteristics is least likely required to ensure that a company's Board of Directors Audit Committee is adequately representing shareowner interests? A. Any conflicts between the external auditor and the firm are resolved in a manner that favors shareholders. B. The shareholders vote on whether to approve of the board's selection of the external auditor. C. The committee regularly reviews the performance, independence, skills, and experience of existing board members.