单选题Bentlom Company' s common sized financial statements show the
following information: Earnings after taxes
15 % Current
liabilities
20% Equity
45 % Sales
$ 800 Cash
10% Total assets
$ 2000
Accounts receivable
15% Inventory
20% Bentlom' s
long-term debt-to-equity ratio and current ratio are closest to.
Long-term debt-to-equity ratio Current
ratio ①A. 77.8 %
2.25 ②B. 98.2%
2.50 ③C.
98.2% 2.25
A. ①
B. ②
C.③
单选题Study the following information about a stock, calculate the price earning ratio: Required rate of return: 15% Constant growth rate: 8% A return on equity: 12% The earning retention ratio: 20% A. 3.8. B. 4.7. C. 5.6.
单选题Which of the following will cause an increase in the demand for labor? A. An increase in the labor supply. B. A decrease in labor productivity. C. An increase in the demand for the final good or service.
单选题Eleanor Preston, CFA, is a financial planner for high-net-worth individual clients in a local bank. Preston has been under pressure from his supervisor to sell a new bond which has a fixed rate of interest 6% guaranteed by the corporate issuer. Preston sends an e-mail to all her clients, which includes a copy of the prospectus with a message. The subject line reads, "New Fixed Rate Interest Bond of 6%, safe and guaranteed rate of return". Has Ellis most likely violated the Professional Conduct Standards? A. Yes, only by misrepresenting the characteristic of the bond. B. Yes, only by failing to provide full detail about the characteristic of the bond. C. Yes, both by misrepresenting the characteristic of the bond and failing to provide full detail about the characteristic of the bond.
单选题An analyst conducts a two-tailed test to determine whether differences between the means of two populations exist: H0:μ1-μ2=0 versus H2:μ1-μ2≠0. Assume that the populations are independent, normally distributed, and have unequal and unknown variances. The critical value with 50 degrees of freedom is 2. 126. The computed test statistic is t=1.753. Using a significance level of x=0.05, which of the following statements is TRUE? A. Use a t-test to reject the null hypothesis and accept the alternative hypothesis. B. Use a t-test to accept the null hypothesis and reject the alternative hypothesis. C. Use a z-test to reject the null hypothesis and accept the alternative hypothesis.
单选题Which of the following is the primary income-earning asset of commercial banks?
单选题An investor has gathered the following data, presented on an annual basis, for an apartment complex that is being considered for purchase（ ）
单选题A distribution of returns that has a greater percentage of small
deviations from the mean and a greater percentage of large deviations from the
mean compared to a normal distribution:
A. is positively skewed.
B. has positive excess kurtosis.
C. is negatively skewed.
单选题The following data pertain to a company that can be appropriately valued using the Gordon growth model
单选题John Jenkins, CFA, is performing a study on the behavior of the mean P/E ratio for a sample of small-cap companies
单选题Which of the following statements regarding corporate governance
practices is FALSE?
A. Corporate governance is the system of internal controls/procedures by
which firms are managed.
B. Corporate governance provides a framework that defines rights of
management and the board.
C. Corporate governance is not as important for firms with largely dispersed
minority shareholders.
单选题When Abdullah Younis, CFA, was hired as a portfolio manager at an asset management firm two years ago, he was told he could allocate his work hours as he saw fit
单选题Chan Liu, CFA, is the new research manager at the Pacific MicroCap Fund
单选题Coleman Corporation's unadjusted trial balance at the end of 2007 reflected compensation expense of $ 90 million. The trial balance did not include the following: Because of the holidays, no salary accrual was made for the last week of the year. Salaries for the last week totaled $ 3.5 million and were paid on January 4, 2008. Employee bonuses for 2007 totaled $ 5 million. The bonuses were paid on January 31,2008. Ignoring payroll taxes, what is Coleman' s adjusted compensation expense for the year ended 2007 and what impact will the adjustment have on Coleman' s 2007 current ratio? Compensation expense Current ratio ①A. $ 98.5 million Decrease ②B. $ 98.5 million No effect ③C. $ 94.5 million Decrease
单选题A New Zealand traveler returned from Singapore with SGD7,500 (Singapore dollars)
单选题Consider a firm in an oligopoly market that believes that the demand
curve for its product is more elastic above a certain price than below this
price. This belief fits most closely to which of the following models?
A. Dominant firm model.
B. Kinked demand model.
C. Variable elasticity model.
单选题The first component of the Code of Ethics does NOT explicitly say that a CFA Institute member will act in a certain manner with respect to which of the following groups?
单选题Compared to the underlying MBS, a collateralized mortgage obligation(CMO): A. allows an investor to select an exact maturity. B. has lower duration. C. may have more or less prepayment risk.
单选题If an analyst estimates the probability of an event for which there is no historical record, this probability is best described as:
单选题Most of the differences among companies with respect to quality of earnings are addressed when companies are compared using: