单选题At the start of the year
单选题Which of the following statements regarding forward contracts on T-bills is TRUE?
单选题A company reported the following for the year: Net sales $ 500 Increase in accounts receivable 20 Decrease in accounts payable 40 Increase in inventory 30 Sale of new common stock 100 Repayment of debt 10 Depreciation 2 Net income 100 Interest expense on debt 5 The company's cash flow from operations(CFO) and cash flow from investing(CFI) are closest to ; CFO CFI ①A. $12 $100 ②B. $12 $0 ③C. $92 $100
单选题Stephen, a trainee and CFA candidate, is in his first week with SKL Limited, a local brokerage house. Stephen was given a phone list and told to make a few cold calls to round up some clients. To generate business he has made various statements. According to AIMR Standards of Professional Conduct, in which of the following statements has Stephen NOT made a material misrepresentation ? A. "I personally guarantee this investment. It's a sure winner. " B. "My firm has consistently outperformed the market indexes and will continue to do so. " C. "My firm cannot provide all the Financial and investment services you need, but we do offer advisory services. "
单选题Under the classification system used by the U.S. Bureau of Labor Statistics, which of the following people would least likely be considered unemployed? Someone who:
单选题Which of the following statements regarding early termination of a forward contract is TRUE? A. There is no way to terminate a forward contract early. B. A party who enters into an offsetting contract to terminate has no risk. C. Early termination through an offsetting transaction with the original counterparty eliminates default risk.
单选题An analyst does research about capital budgeting. Which of the following capital budgeting criteria is most directly related to a company's equity value of shareholders? A. Payback period. B. Net present value. C. Internal rate of return.
单选题Which of the following statements regarding Eurodollar time deposits is FALSE? A. Rates are quoted as an add-on yield and are based on a 360-day year. B. Sometimes the best rates are available in New York City. C. They are available in Switzerland.
单选题An investor gathers the following data
单选题An analyst gathered the following information about two common
stocks: Variance of returns for the Libby Company =
15.5 Variance of returns for the Metromedia Company =
22.3 Covariance between returns for the two common stocks is
close to: The correlation coefficient between returns for the
two common stocks is closest to:
A. 0.025.
B. 0.388.
C. 0.465.
单选题Sixcompaniesinanindustryhavethefollowingmarketshares:CompanyABCDEFMarketShare（%）30251612107IfCompaniesDandFmergeintoanewCompany,G,theindustrysthree-companyconcentrationratiowouldbeclosestto:
单选题An analyst calculating the unemployed rate is most likely to classify as unemployed persons who are:
单选题Given the following information, what is the adjustment to net income when calculating cash flow from operations using the indirect method? Increase in accounts payable of $ 25. Sold one share of stock for $15. Paid dividends of $10 to shareholders. Depreciation expense of $100. Increase in inventory of $ 20.
单选题Which of the following statements is least likely an advantage of investing in hedge funds through a fund of funds? Funds of funds provide:
单选题One year ago, an investor made five separate investments with the invested amounts and returns shown below. What is the arithmetic and geometric mean return on all of the investor's investments ?
单选题How will a firms operating cash flow be affected by a decrease in accounts receivable and by an increase in accounts payable?（ ）
单选题Which of the following statements about probability is TRUE? A. A conditional probability is the probability that two or more events will happen concurrently. B. An outcome is the calculated probability of an event. C. An event is a set of one or more possible values of a random variable.
单选题Which of the following statements regarding depreciation methods is TRUE? A. Straight-line depreciation results in an increasing rate of return over the life of an asset. B. Straight-line depreciation causes an increase in reported income over time. C. Sinking fund depreciation is based on the theory that an asset generates an increasing rate of return over time.
单选题Which of the following is least accurate regarding reasons for imposing a summary suspension upon covered persons? A. Failure to return the annual professional conduct statement. B. Misdemeanor charge for the possession of illegal narcotic substances. C. Disbarment under securities laws.
单选题According the GIPS standards, for periods beginning on or after 1 January 2011, the aggregate fair value of total firm assets most likely includes all: