单选题Which of the following statements about a monopolist is most accurate? A monopolist will: A. earn economic profits in all situations. B. maximize the average profit per unit sold. C. sell at the output level where marginal revenue equals marginal cost.
单选题Which of the following statements is least accurate? A. In a period of rising prices, LIFO gives the best COGS, whereas FIFO gives the best inventory balance on the balance sheet. B. In a period of stable prices, LIFO and FIFO will produce similar account balances. C. In a period of rising prices, FIFO gives the best COGS, whereas LIFO gives the best inventory balance on the balance sheet.
单选题Which category of tests assumes that, in an efficient market, securities lie on the security market line?
单选题Incomestatementsfortwocompanies(AandB)andthecommon-sizeincomestatementfortheindustryareprovidedinthefollowingtable:Thebestconclusionananalystcanmakeisthat:
单选题Selected financial data from Krandall, Inc. ' s balance sheet for the year ended December 31 was as follows (in $ ) :
单选题Venture capital investments used to provide capital for companies initiating commercial manufacturing and sales are most likely to be considered a forma of
单选题Which method of calculating the firms cost of equity is most likely to incorporate the long-run return relationship between the firms stock and the market portfolio?
单选题Pinto Corporation is an automobile manufacturer located in North America. Pinto owns a 5 percent interest in one of its suppliers, Continental Supply Company. Each year, Pinto receives a cash dividend from Continental. Pinto' s engine supplier, National Supply Company, recently increased prices on goods sold to all customers due to higher labor costs. Should Pinto report the dividends received from Continental and the price increase from National as an operating or non-operating component on its year-end income statement?
Dividends received Price increase
①A. Nonoperating Nonoperating
②B. Operating Operating
③C. Nonoperating Operating
A.①B.②C.③
单选题Davis Company, Inc. (DCI) earned $5 a share last year and paid dividend of $2 a share. The company is expected to grow by 8 percent annually and continue its payout ratio for the foreseeable future. An investor with an 11 percent required return expects to sell the stock at $ 75 two years from now. The maximum amount that an investor should be willing to pay for DCI stock today is closest to:
单选题Which of the following is NOT one of the conditions that must be met for a trade to be considered an arbitrage? A. There is no risk. B. There are no commissions. C. There is no initial investment and there is a guaranteed profit.
单选题An analyst does research about the impact of tax rate changes on a company's financial statements. For existing deferred tax assets and liabilities, an increase in income tax rate: A. increases both deferred tax assets and deferred tax liabilities. B. decreases both deferred tax assets and deferred tax liabilities. C. decreases deferred tax assets and increases deferred tax liabilities.
单选题Bradley works a 14-hour-per-week job as a bartender at McQuigley's Pub. Maddeline left her position at a commercial bank to raise her two-year old daughter. How would these individuals be classified from the viewpoint of employment statistics? Bradley Maddeline ①A. Not in labor force Not in labor force ②B. Employed Not in labor force ③C. Employed Employed
单选题If quantity demanded decreases 30% when the price increases 5%, this good exhibits:
单选题With respect to behavioral finance, the tendency to place too much faith in an earnings forecast is known as:
单选题An investor writes a July 20 call on a stock trading at 23 for premium of $4. The breakeven price on the trade and the maximum gain on the trade are, respectively: Breakeven Price Maximum Gain ①A. $24 $4 ②B. $24 $3 ③C. $27 unlimited
单选题An analyst does research about ratio impact according to the dividend discount model. With respect to the inputs used in the dividend discount model, an increase in a company's growth rate is least likely to be associated with an increase in that company's: A. return on assets. B. financial leverage. C. dividend payout ratio.
单选题The implication for the use of public goods is most likely: A. overproduction. B. underproduction. C. efficient production.
单选题For which of the following natural resources does the appropriate model
indicate that the price is determined by demand rather than by supply?
A. Oil.
B. Old-growth timber.
C. Farm land.
单选题Carolina Ochoa, CFA, is the chief financial officer at Pantagonia Computing
单选题Which of the following statements about special purpose vehicles (SPVs) is least accurate? A. SPVs are also known as bankruptcy remote entities and allow the asset backed security pool to have a higher credit rating than the issuing entity. B. SPVs shield the assets of the asset backed security from creditors. C. They are only used in asset backed security transactions.