单选题Which of the following statements best describes a trial balance? A trial balance is a document or computer file that:
单选题John Klement is a soybean farmer who harvests 125000 bushels of soybeans annually. Klement"s fixed costs are $ 200000 and his variable costs are $ 5 per bushel. Soybeans are currently priced at $ 5.35 per bushel. Based on his estimates, Klement sees soybean prices being relatively stable for the next two years, then increasing to $7.00 per bushel due to increased demand from Japan. What action should Klement take? Klement should:
单选题When calculating the settlement payment on a long position in a
London Interbank Offered Rate (LIBOR) -based forward rate agreement, the
denominator is best described as :
A. the interest differential between a loan made at the contract rate
and one made at the market rate at contract expiration.
B. a discount factor based on LIBOR at settlement.
C. a discount factor based on the contract LIBOR rate.
单选题A technical analyst observes a head and shoulders pattern in a stock she has been following
单选题During deflation and decreasing inventory quantities, a company using LIFO rather than FIFO. What is the effect on cost of goods sold and cash flows? Cost of Good Sold Cash Flow ①A. lower lower
②B. higher lower
③C. lower higher.
单选题According to the quantity theory of money:
单选题已知某国的失业率为14%且处于自然失业率的水平，去年的通货膨胀率为5%。该国的宏观经济政策制定者认为可以通过不断提高总需求水平来使失业率和通货膨胀率保持较低的水平。试根据上述条件回答问题。
单选题An investor gathered the following information on three zero-coupon bonds: 1 - year, $600 par, zero-coupon bond valued at $571 2 - year, $600 par, zero-coupon bond valued at $544 3 - year, $10600 par, zero-coupon bond valued at $8901 Given the above information, how much should an investor pay tbr a $10000 par, 3 - year, 6 percent, annual-pay coupon bond?
单选题Which of the following statements about balance sheets is most accurate? For balance sheets prepared under:
单选题As CFA members, when they dealing with the investment service for his or her clients and employer, which of the following statements is most accurate according to the Standards of Professional Conduct relating to loyalty, prudence and care? A. CFA members must place their clients' and employers' interests before their own clients' interests. B. CFA members must place their employers' interests before their own interests. C. CFA members must place their clients' interests before their employers' or their own interests.
单选题Which of the following accounting variables is least likely to be manipulated? A. Net income. B. Depreciation expense. C. Sales.
单选题BruceSmith,CFA,coversEastEuropeanequitiesforMarlboroughInvestments,aninvestmentmanagementfirmwithastrongpresenceinemergingmarkets.ForthepurposeofcompliancewiththeGlobalInvestmentsPerformanceStandards(),MarlboroughInvestments'totalassetsinclude:A.onlyfee-payingdiscretionaryassets.B.bothfee-payingdiscretionaryassetsandnon-fee-payingdiscretionaryassets.C.allfee-payingandnon-fee-paying,discretionaryandnondiscretionaryassets.
单选题Which of the following statements concerning security valuation is FALSE?（ ）
单选题Monetarists believe that:
A. shifts in aggregate demand arise from changes in expectations.
B. monetary policy has a significant impact on aggregate demand.
C. money wages tend to adjust quickly when aggregate supply and aggregate
demand are in disequilibrium.
单选题Janice Grass, CFA, is a sell-side analyst from a local securities firm. Grass does research about cash conversion cycle and operating cycle. The cash conversion cycle for a company that buys inventory on credit is most likely: A. less than the operating cycle. B. equal to the operating cycle. C. greater than the operating cycle.
单选题An analyst gathers the following information about a company ($millions):
2009
2008
sales
year-end inventory (LIFO inventory method)
LIFO reserve
COGS (LIFO inventory method)
283.5
81.4
36.4
203.9
234.9
53.7
21.8
167.3
If the company uses the FIFO inventory method instead of LIFO, the company"s 2009 gross profit margin is closest to:
单选题Often central governments will announce auctions to issue new bonds when they believe prevailing market conditions appear most suitable. At the time of the auction, the amount to be auctioned and the maturity of the security to be offered are announced. This method of distributing new government securities is called: A. an ad hoc auction method. B. a regular auction cycle/multiple-price method. C. a regular auction cycle/single-price method.
单选题Which of the following statements about duration and convexity is FALSE? A. duration to first call is longer than duration to maturity. B. convexity of a callable bond is always lower than that of a noncallable bond when rates fall. C. callable bonds' convexity can be negative.
单选题The presence of which of the following is mostly likely to result in the overproduction of the efficient quantity of goods of services in a market economy?
单选题Which is most likely considered a secondary source of liquidity?