单选题Assume that the market for paper supplies and the market for toothpicks have the following char acteristics : The Market for Paper Supplies is comprised of: A large number of independent sellers Differentiated products Low barriers to entry/exit The Market for Toothpicks is comprised of: A large number of independent sellers Homogeneous products No barriers to entry/exit The Papyrus Company operates in the market for paper supplies and Wudden Floss operates in the toothpick market. The sales managers for both companies want to know how a change in price will affect the quantity sold. Which of the following choices best completes the following sentence? If both firms increase prices, the quantity sold by Papyrus Company will: A. increase, and the quantity sold by Wudden Floss will decrease. B. decrease, and so will the quantity sold by Wudden Floss. C. decrease, and Wudden Floss will sell nothing.

单选题Firm A expenses costs while Firm B capitalizes them. All the other things being equal, which of the following best describes the debt ratios of Firm A and Firm B?

单选题A portfolio manager generated a rate of return of 15

单选题The following information is from a companys accounting records: millions Revenues for the year 12,500 Total expenses for the year 10,000 Gains from available-for-sale securities 1,475 Loss on foreign currency translationadjustments on a foreign subsidiary 325 Dividends paid 500 The companys total comprehensive income (in millions) is closest to:

单选题When a risk-free asset is unavailable, the optimal portfolio on an efficient frontier for each investor is represented by the: A. market portfolio. B. utility curve that intersects the efficient frontier. C. highest utility curve that is tangent to the efficient frontier.

单选题The Latham Corporation entered into a lease for 5 years that requires payments of $10000 per year. If the lease is classified as a capital lease, what is the amount recorded as debt for this lease at the end of one period if the appropriate discount rate is 10 percent'?

单选题Which of the following is most likely to include detailed information on a company's revenue recognition? A. The auditor's report. B. The cash flow statement. C. The financial notes and supplementary schedule.

单选题An analyst is evaluating an investment in an apartment complex based on the following annual data: Gross potential rental income $2,100,000 Estimated vacancy and collection expenses 3% Operating expenses $1,600,000 Depreciation 300,000 Current mortgage rate 5% Financing percentage 80% Market capitalization rate 12% Cost of equity 15% Based on the income

单选题In order to test whether the mean IQ of employees in an organization is greater than 100, a sample of 30 employees is taken and the sample value of the computed test statistic, tn-1=3.4. The null and alternative hypothesis are: A. H0: μ=100; Ha: μ≠100. B. H0: μ≤100; Ha: μ＞100. C. H0: X=100; Ha: X≠100.

单选题The advantages to an investor owning convertible preference shares of a company most likely include:

单选题An individual sees her income rise from $ 80000 to $ 88000, and along with it, her consumption of macaroni has decreased from eight dozen packages per year to six dozen packages per year. Which of the following is closest to the income elasticity of her demand for macaroni, and should macaroni be classified as a normal good or an inferior good? Income elasticity Type of good ①A. -3.0 Inferior ②B. -3.0 Normal ③C. -0.33 Inferior

单选题Bob Wade, CFA, a senior trust manager for Central Midas Bank, manages derivative investments for aggressive clients. Wade has an agreement to refer clients with real estate needs to Carol Corky, who is in charge of a local real estate brokerage firm. Corky, in return, refers his clients with investment needs to Wade. Neither of them pays the other any cash for the referrals, and neither of them mentions the agreement to their clients or prospective clients. Has Wade most likely violated the Standards of Professional Conduct? A. No. B. Yes, relating to referral fees. C. Yes, relating to communication with clients and prospective clients.

单选题A corporation being analyzed has a return on equity (ROE) of 14.3 percent compared to the industry average of 11.8 percent. Which of the following statements about the company, based on the DuPont equation, could explain the higher than average ROE?

单选题Roger Halpert, CFA, prepares a company research report in which he recommends a strong "buy". He has been careful to ensure that his report complies with the CFA Institute Standard on research reports. According to CFA Institute Standards of Professional Conduct, which of the following statements about how Halpert can communicate the report is most correct? A. Halpert can make his report in person, by telephone, or by computer on the Internet. B. Halpert can transmit his report by computer on the Internet. C. Halpert can make his report by telephone.

单选题UsingthefollowingUSTreasury/forwardratesthevalueofa21/2year$/00parvalueTreasury/bondwitha5%couponrateisclosestto:PeriodYearsForwardRate10.51.20%211.80%31.52.30%422.70%52.53.00%

单选题An investor gathers the following data to estimate the intrinsic value of a companys stock using the justified forward P/E approach

单选题According to a technician, stock prices tend to move: A. in trends that persist. B. randomly. C. only when accompanied by volume.

单选题Dilshan Kumar, CFA, is a world-renowned mining analyst based in London

单选题A company purchases a truck with a useful life of 5 years. The cost was $100000 with an estimated salvage value of $10000. Using the double declining balance method and the sum of the years' digits method, what is the depreciation in year 2? Double-Declining Sum of Years' Digits ①A. $ 40000 $ 24000 ②B. $ 24000 $ 45000 ③C. $ 24000 $ 24000

单选题Convenience Travel Corp