单选题Which of the following employment measures is most closely related to
the level of real GDP?
A. Labor force participation ratio.
B. Number of employed.
C. Aggregate hours.
单选题Which of the following statements about tax deferrals is FALSE? A. Income tax paid can include payments or refunds for other years. B. A deferred tax liability is expected to result in future cash outflow. C. Taxes payable are determined by pretax income and the tax rate.
单选题Delbert Gossert owns stock worth $32 per share. Gossert buys a put option with a strike price of $32 for $2.50. At expiration, the stock is valued at $32 per share. The profit or loss from Gossert"s portfolio insurance strategy is a:
单选题The document or computer file in which business transaction are recorded in the order in which they occur is best described as the: A. trial balance. B. general ledger. C. journal entries.
单选题The time-weighted rate of return on the investment is:
单选题General, Inc. , has net income of $ 650000 and one million shares outstanding. The profit margin is 6 percent and General, Inc. , is selling for $ 30.00. The price/sales ratio is equal to:
单选题An increase in a company"s cash conversion cycle and a decrease in the company"s operating cycle could result from:
cash conversion cycle(increase) operating cycle (decrease)
① decreased receivables turnover decreased in days of inventory
② decreased receivables turnover increased payables turnover
③ increased receivables turnover increased payables turnover
单选题In the long run, if price is below average total cost (ATC), the firm will:
单选题An analyst gathered the following information for a company:
Risk-free rate = 6.75%
Expected market return = 15.00%
Beta = 1.30
Dividend payout ratio = 55%
Profit margin = 10.0%
Total asset turnover = 0.75
Assets to equity ratio = 2.00
What is the firm"s sustainable growth rate?
单选题The number of days a particular stock increases in a given five - day
period is uniformly distributed between zero and five inclusive. In a given five
-day trading week, what is the probability that the stock will increase exactly
three days?
A. 0.333.
B. 0.200.
C. 0.167.
单选题If a firm uses accelerated depreciation for tax purposes and straight-line depreciation for financial reporting, which of the following results is least likely? A. A temporary difference will result between tax and financial reporting. B. Income tax expense will be greater than taxes payable. C. A permanent difference will result between tax and financial reporting.
单选题Peter Stone is considering buying a $100 face value, semi-annual coupon bond with a quoted price of 105.19. His colleague points out that the bond is trading ex-coupon. Which of the following choices best represents what Stone will pay for the bond?
单选题An analyst does research about earnings per share and gathers the following information about a company. The current stock price is $73, the sales per share is $66, the operating profit margin is 13.5%, the expected dividend growth rate is 6%, and the net profit margin is 12%. The company's earnings per share is closest to: A. $7.92 B. $8.76 C. $8.91
单选题If the probability of both a new Wal-Mart and a new Wendy's being built next month is 68 percent and the probability of a new Wal-Mart being built is 85 percent, what is the probability of a new Wendy's being built if a new Wal-Mart is built?
单选题Lee Arm Company collected the following amounts for subscriptions to the magazine it publishes during the past year:
单选题A compary is selling a Iong-lived asset with a carrying amount of $?0,000 for $50,000
单选题Which of the following statements best describes an advantage of a forward contract over a futures contract? A forward contract:
单选题The following information is available about a company:
(all figures in 5 thousands)
2011
2010
Deferred tax assets
200
160
Deferred tax liabilities
（450）
（360）
Net deferred tax liabilities
（250）
（200）
Earnings before taxes
4,000
3,800
Income taxes at the statutory rate
1,200
1,140
Current income tax expense
1,000
900
The companys 2011 income tax expense (in thousands) is closest to:
单选题An asset has an annual return of 19.9%
单选题A company purchases a truck with a useful life of 5 years. The cost
was $100000 with an estimated salvage value of $10000. Using the double
declining balance method and the sum of the years' digits method, what is the
depreciation in year 2?
Double-Declining Sum of Years' Digits
①A. $ 40000
$ 24000 ②B. $ 24000
$ 45000 ③C. $
24000 $ 24000
A. ①
B. ②
C. ③