单选题The most likely effects of the imposition of an effective increase in the minimum wage include:

单选题A call option sells for a premium of $2 on a $12 stock with a strike price of $15. Which of the following statements is least accurate?

单选题Is a gold mine an example of a renewable or non-renewable resource and is the supply curve of gold perfectly elastic or inelastic in theory? Type of resource Supply curve ①A. Renewable Inelastic ②B. Renewable Elastic ③C. Non-renewable Elastic

单选题The Mountain Bike Supply Company had 500 units in its beginning inventory. Each of these units cost $ 5. During the period, Mountain Bike Supply first purchased 400 units at $ 6 each and then 200 units at $ 7 each. At the end of the period, Mountain Bike Supply had 600 units. What is the cost of goods sold and inventory for Mountain Bike Supply if it uses FIFO inventory valuation ? COGS Inventory ①A. $ 2500 $ 3100 ②B. $ 3200 $ 3800 ③C. $ 2500 $ 3800 A.① B. ② C.③

单选题A decrease in which of the following increases shareholders' equity? A. Retained earnings. B. Treasury stock. C. Accumulated comprehensive income.

单选题The crowding-out effect suggests that government borrowing to finance higher expenditures will most likely:

单选题Information related to Bledsoe Corporation's inventory, as of December 31,2007, follows: Estimated selling price $3500000 Estimated disposal costs 50000 Estimated completions 3000000 Original FIFO cost 3200000 Replacement cost 3300000 Using the appropriate valuation method, what adjustment is necessary to accurately report Bledsoe' s inventory at the end of 2007, and will this adjustment affect Bledsoe' s quick ratio? Adjustment Quick ratio ①A. $ 50000 write-down Yes ②B. $ 50000 write-down No ③C. $100000 write-up No A. ① B. ② C.③

单选题The "All Faiths" church is building a new church for $ 2 million on land acquired several years ago. The contractor estimates the cost at $1.3 million and the project is to be completed over a 2-year period with the payments split evenly between the 2 years. During the first year, the total costs incurred were $ 700000. During the second year the contractor experienced cost overruns and costs incurred were $1.0 million. Using the percentage-of-completion method, how much revenue and income should the contractor recognize in the second year of the project? Revenue Income A. $1076923 $ 376923 B. $ 923077 $ 76923 C. $ 859026 $ 236593

单选题The variance of returns of Asset A is 625

单选题All else being equal, will the joint profit of an oligopolistic industry most likely be maximized if the: number of firms demand for the in the industry decrease? industry's products is stable? ①A. No No ②B. No Yes ③C. Yes Yes

单选题An investor purchases a 3-month put option on a stock with an exercise price of $35. The risk-flee rate is 4.5 percent. At expiration, the stock price is $33.50. The option's payoff is closest to:

单选题A company which prepares its financial statements using IFRS wrote down its inventory value by 20,000 in 2009

单选题Which of the following statements about the futures market is most accurate? A. Speculators trade to reduce some preexisting risk exposure. B. If a trader's account falls below the maintenance margin level they have three days to bring it back up to the maintenance margin level. C. Open interest is the number of futures contracts for which delivery is currently obligated.

单选题Consider a forward rate agreement (FRA) that expires in 90 days. The agreement is based on the 180-day LIBOR. The long position agrees to borrow $ 10000000 from the short position (i. e. the dealer). The dealer quotes this instrument at 6 percent. Today, the 90-day LIBOR is 5.5 percent. If the 180-day LIBOR in 90 days is quoted at 5 percent, compute the amount of the cash settlement payment made or received by the borrower at expiration. The borrower will:

单选题Which of the following statements about leases is least accurate? A. If a lease is a capital lease and the lessor is not a dealer in the leased asset, the lease is a direct financing lease. B. If the lease is a capital lease and the lessor is a dealer or seller of the leased equipment, the lease is a sales-type lease on the books of the lessor. C. In a direct financing lease, the gross profit is recognized at the lease inception, while in a sales-type lease it is not.

单选题If two fair coins are flipped and two fair six - sided dice are rolled, all at the same time, what is the probability of ending up with two heads (on the coins) and two sixes (on the dice)? A. 0.4167. B. 0.0039. C. 0.0069.

单选题When a firm recognizes revenue in excess of expenses on a product not covered by a warranty before cash is collected, what is the impact on the firm's assets and liabilities, ignoring taxes? Assets Liabilities ①A. Increase Increase ②B. Increase No effect ③C. No effect No effect

单选题A copyrighted technique for measuring the downside risk of an investment has just been revealed to the public．If an analyst adopts the technique, he must cite the use of the technique in all research reports in which the technique is used EXCEPT（ ）

单选题Kim Lee manages a variety of accounts at Superior Investments. Some are permitted to invest in tax - exempt issues only; others may not invest in a stock unless it pays dividends. Lee is researching a biotech firm specializing in the analysis of "mad cow" disease. While touring company facilities and meeting with management, she learns that they believe they may have found a way to reverse the disease. Moreover, one manager conjectured, "Suppose that we reversed the disease in someone who didn't even have it? We might then be able to boost that individual's IQ into the stratosphere ! " Lee returns to her office and buys shares for all accounts under her supervision. This action is: A. a violation of the Standard concerning appropriateness and suitability of investment actions. B. appropriate given the obvious potential of the therapy. C. only permissible if the account holders are contacted first before the shares are purchased.

单选题A portfolio contains equal weights of two securities having the same standard deviation.If the correlation between the returns of the two securities was to decrease, the portfolio risk would most likely: