单选题Which of the following best describes the elasticities of supply for renewable and non-renewable resources ?
Renewable resource Non-renewable resource
①A. Elastic Perfectly elastic
②B. Perfectly inelastic Perfectly elastic
③C. Inelastic Perfectly inelastic
A. ①B. ②C. ③
单选题Which of the following concentration ratios are most likely to be associated with a perfectly competitive industry? Four-firm concentration ratio Herfindahl-Hirschman Index ①A. 125 1000 ②B. 85 25 ③C. 25 100
单选题Daniel, CFA, is a portfolio manager with the trust department of Citi Nation Bank
单选题Assuming that the risk-free rate is 5 percent, the expected return on the market is 10 percent, and the stock's beta is 0.5, what is the value of a stock that paid a $ 0. 30 dividend last year, if dividends are expected to grow at a rate of 6 percent forever? A. $15.00. B. $16.63. C. $21.20.
单选题Compared to the normal distribution, the t-distribution most likely:
单选题A company issued $2,000
单选题Suppose that IBM has a $1000 par value bond outstanding with a 12 percent semiannual coupon that is currently trading at 102.25 with seven years to maturity. Which of the following is closest to the yield to maturity on the bond?
单选题Which of the following statements is most accurate? For a country to gain from trade it must have:
单选题The following end of month payments of $400, $700, and $300, (respectively) are due. Given a stated annual interest rate of 3.6 percent, the minimum amount of money needed in an account today to satisfy these future payments is closest to:
单选题A firm realizes that it is producing more than the profit maximizing level of output and makes a short-run decision to decrease its output. Which of the firm's cost measures is least likely to decrease as a result?
单选题Which of the following statements about moneyness is FALSE? When:
单选题An analyst does research about unique risks of hedge funds. The risk for a hedge fund arising from the failure to deliver the specified security or money by one of the parties to the transaction on the closing day is most likely: A. pricing risk. B. settlement risk. C. financing squeeze.
单选题An analyst gets the following information which are related to a company's inventory costs: Raw materials $4000000 Labor salary $2000000 Shipping fees $90000 Administrative overhead $81000 Selling costs $56000 Total inventorycosts are closest to: A. $6090000 B. $6171000 C. $6227000
单选题In the statement of cash flows, a company is allowed to classify interest paid:
单选题Dispersion is defined as the variability around the central tendency and can be divided into absolute dispersion and relative dispersion. Which of the following is NOT described as a measure of relative dispersion? A. Range. B. Sharlle ratio. C. Coefficient of variation.
单选题Suppose that the demand curve for honey shifts such that the equilibrium price for a pound of honey increases from $ 7 to $ 9 per pound. At the new equilibrium, the quantity supplied increases from 500 pounds per month to 600 pounds per month, although the supply curve has not shifted. The elasticity of supply for honey is closest to:
单选题Chris Rodriguez, CFA, is a portfolio manager at Nisqually Asset Management, which specializes intrading highly illiquid shares
单选题During an accounting period a company had the following sequence of transactions: Beginning inventory is zero. The company purchased 500 units at $15. The company purchased 600 units at $16. The company sold 400 units at $18. The company sold 550 units at $ 20. Cost of goods sold (COGS) using last-in first-out (LIFO) inventory accounting and ending inventory using first-in first-out (FIFO) are closest to: LIFO COGS FIFO ending inventory ①A. $14700 $ 2400 ②B. $14 700 $ 3350 ③C. $14850 $ 2400
单选题Consider a firm in an oligopoly market that believes that the demand curve for its product is more elastic above a certain price than below this price. This belief fits most closely to which of the following models?
单选题The following common-size income statement data and tax rates are available on a company.
The profitability ratio that had the largest absolute increase in value in the current year is the: