单选题How should the proceeds received from the advance sale of tickets to a sporting event be treated by the seller, assuming the tickets are nonrefundable?

单选题Financial managers should always select the project that provides the highest net present value (NPV) whenever NPV and IRR methods conflict, because maximizing: A. revenues is the goal of financial management. B. earnings per share is the goal of financial management. C. shareholder wealth is the goal of financial management.

单选题Which of the following is least likely to be a condition necessary for revenue recognition?

单选题Based on best practices in corporate governance procedures, it is most appropriate for a companys compensation committee to:

单选题Which of the following statements is most accurate with regard to a call provision?

单选题Byron Campbell purchased 300 shares of Crescent, Inc. , stock at a price of $80 per share. The purchase was made on margin with an initial margin requirement of 50 percent. Assuming the maintenance margin is 25 percent, the stock price of Crescent, Inc. has to fall below what level for Campbell to receive a margin call?

单选题If an analyst adjusts the financial statements and capitalizes an operating lease the analyst will observe that the（ ）

单选题Using the Markowitz model, calculation of the portfolio standard deviation does not require the:

单选题Which of the following statement concerning about the probability concepts is TRUE? A. A joint probability is the probability that two or more events happen concurrently. B. Subjective probability is a probability drawing on observation. C. A random variable is a quantity whose outcomes are certain.

单选题An analyst does research about foreign currency rate. In foreign exchange markets characterized by interest rate parity, if the domestic country has a lower riskfree interest rate than the foreign country, the currency of the domestic country is most likely to be trading at a forward: A. discount, and to depreciate. B. premium, and to appreciate. C. premium, and to depreciate.

单选题According to the U. S. Generally Accepted Accounting Principles (GAAP), a complete set of financial statements includes a: A. report on internal control. B. report on relevant financial ratios. C. statement of comprehensive income.

单选题If $ 2500 were put into an account at the end of each of the next 10 years earning 15 percent annual interest, how much would be in the account at the end of ten years? A. $ 27461. B. $ 50759. C. $41965.

单选题Which of the following statements about stock valuation is least likely correct?

单选题An analyst does research about the minimum wage and its impact on unemployment. If the government increases the minimum wage below the equilibrium wage, which of the following is most accurate about the change in the level of unemployment? A. Decrease. B. Remain the same. C. Increase.

单选题Which school of thought holds that fiscal policy is most effective?

单选题Consideraswapwithanotionalprincipalof$120million.Giventheabovediagrams,whichofthefollowingstatementsisTRUE?Attheendof360days:A.ApaysB$0.6million.B.ApaysB$6.6millionandBpaysA$6million.C.ApaysB$13.2millionandBpaysA$12million.

单选题According to the new classical model, a reduction in current taxes that is financed by government borrowing will most likely increase: A. household saving but not real interest rates. B. real interest but not household saving. C. both household saving and real interest rates.

单选题Harding Corp. has a permanently impaired asset. The difference between its carrying value and the present value of its expected cash flows should be written down immediately and: A. reported as a non-operating loss before computation of net income. B. reported as a separately disclosed loss net of tax effect, if any, due to a change in accounting method. C. reported as an operating loss.

单选题As part of an agreement with Johnny, TP&C Investment Company, a money manager for individual clients, provides monthly emerging market overviews in exchange for prospective client referrals and European equity research from Johnny. Clients and prospects of TP&G are not made aware of the agreement, but clients unanimously rave about the high quality of the research provided by Johnny. As a result of the research, many clients with non-discretionary accounts have earned substantial returns on their portfolios. Managers at TP&G have also used the research to earn outstanding returns for the firm's discretionary accounts. Which of the following statement is most likely correct? A. Johnny has not violated the Code and Standards. B. has violated the Code and Standards by using third-party research in discretionary accounts. C. has violated the Code and Standards by failing to disclose the referral agreement with Johnny.

单选题The lower bound for an American call option is: