单选题The supply curve for a particular factor of production with total income consisting solely of economic rent is most likely:
单选题When a firm operates under conditions of pure competition, marginal revenue always equals:
单选题Which revenue recognition method is used when the payment is assured and revenue is earned as costs are incurred?
单选题An investor purchases a 4-year, 6 percent, semiannual-pay Treasury note for $ 9485. The security has a par value of $10000. To realize a total dollar return equal to 7.515 percent (its yield to maturity), the investor must have which of the following reinvestment assumptions? A. All payments must be reinvested at less than 7.515%. B. All payments must be reinvested at more than 7.515%. C. All payments must be reinvested at 7.515%.
单选题Which of the following best describes financial reporting and financial statement analysis? A. Financial reporting refers to how companies show their financial performance and financial analysis refers to using the information to make economic decisions. B. Financial reporting is performed by investors, creditors, and other interested parties. C. Financial reports assess a company' s past performance in order to draw conclusions about the company's ability to generate cash and profits in the future.
单选题For a forward contract with a value of zero
单选题As time goes on, we expect the SML: A. to change slope to reflect different investment opportunities in the markets. B. to change level to reflect changes in risk aversion among investors. C. to change level and slope depending on the economic conditions prevailing.
单选题A 6% annual coupon paying bond has two years remaining to maturity and is priced at par. Assuming a 40% tax rate, the after-tax yield for this bond is closest to:
单选题The type of business organization that can survive the death of an
owner and subjects its owners to unlimited liability is a:
A. sole proprietorship.
B. partnership.
C. closely held corporation.
单选题For markets with perfectly elastic supply and perfectly inelastic
supply, respectively, the introduction of a tax will most likely result
in: Markets with perfectly elastic supply
Markets with perfectly inelastic supply
①A. A price increase, and the seller bears the tax A price
increase, and the buyer bears the tax ②B. A price increase, and
supply remains the same No change in price, and the buyer bears the
tax ③C. A price increase, and the buyer bears the tax
No change in price, and the seller bears the tax
A. ①
B. ②
C. ③
单选题AcompanythatpreparesitsfinancialstatementsinaccordancewithIFRSissues￡5,000,000facevalue10-yearbondson1January2013whenmarketinterestratesforsuchbondsare5.50%.Thebondscarryacouponof6.50%,withinterestpaidannuallyon31December.Thecarryingvalueofthebondsasof31December2014willbeclosestto:
单选题For an economy operating at full employment, the major long-term impact of increasing the money supply will be:
单选题If X and Y are independent events, which of the following must be TRUE ?
单选题All of the following are ways to exit a swap contract EXCEPT: A. entering an offsetting swap with the original counterparty. B. selling a swaption. C. making a cash payment to the original counterparty.
单选题Risk factors related to opportunities for fraud invlude: A. The nature of the industry or operations. B. Threats to the firms' financial stability or profitability. C. Complex or unstable organizational structure.
单选题Which type of futures contract does NOT allow for the underlying goods to be delivered?
单选题Which category of tests assumes that, in an efficient market,
securities lie on the security market line?
A. Event studies.
B. Cross-sectional tests.
C. Time-series tests.
单选题millions20122011Accountsreceivables,gross6,6204,840Allowancefordoubtfulaccounts9256Write-offsduringtheyear8442Basedontheaboveinformationaboutacompanystradereceivables,thebaddebtexpense(inmillions)for2012isclosestto:
单选题A company has issued non-callable, non-convertible preferred stock with the following features:
Par value per share $10
Annual dividend per share $2
Maturity 15 years
If an investors required rate of return is 8% and the current market price per share of the preferred stock is $25, the most likely conclusion is that the preferred stock is:
单选题If the consumer price index is 252 this year compared with 240 last year, the rate of inflation for the year is closest to: