单选题Under the cost recovery method, profit is recognized（ ）
单选题Thefollowinginformationisavailableaboutacompany:Thecurrentvaluepershareofthecompanyscommonstockaccordingtothetwo-stagedividenddiscountmodelisclosestto:
单选题Which of the following statements about growth company and growth
stock analysis is least likely to be correct?
A. A growth stock is overvalued relative to its risk.
B. A growth company's stock can be overvalued or undervalued.
C. A growth company has above-average investment opportunities.
单选题Which of the following is not one of the steps in calculating the Consumer Price Index (CPI)? A. Adjust the observed prices of goods and services for quality changes and new goods. B. Select a CPI basket based on the goods and services a typical household purchases. C. Conduct periodic surveys of goods and services prices.
单选题An impairment write-down results in a decrease in all of the following financial statement items and ratios EXCEPT:
单选题The following information relates to an investor's positioning the futures market:
单选题Which of the following is NOT among the three most important factors in valuing a venture capital investment?
单选题AnanalystgatheredthefollowingreturninformationoveralO-yearperiodfortwofunds,FundXandFundY:Correlation(RX,RY)=0.34Basedonthisinformation,thepopulationcovarianceofthereturnsbetweenthetwofundsisclosestto:
单选题An analyst uses a stock screener and selects the following metrics: a global equity index, P/E ratio lower than the median P/E ratio, and a price-book value ratio lower than the median price- book value ratio
单选题Which of the following statements about accounting procedures and their impact on the statement of cash flows is least valid? All else equal: A. a nonprofitable company that uses LIFO to account for inventory will have higher total cash flow than a nonprofitable company that uses FIFO during a period of rising prices. B. a company that finances through common stock issues may have the same cash flow from financing(CFF) as a firm that issues debt. C. the cash flow from operations(CFO) for a company that has a capital lease will be overstated compared to that of a firm that has an operating lease.
单选题Dominic Morris, CFA, works for a small regional securities firm. According to the Standards of Professional Conduct relating to additional compensation arrangements, which of the following is most accurate? A. Morris must not accept compensation for work that competes with his firm's interests. B. Morris must not accept compensation for work that competes with his firm's interests without written consent from his firm. C. Morris must not accept compensation for work that competes with his firm's interests without written consent from all parties involved.
单选题An analyst does research about the standardized value. A distribution of returns has a mean of 12% and a standard deviation of 4%. If the returns are normallydistributed, the standardized value (z-value) for a return of 10% is closest to: A. -0.1 B. -0.5 C. 0.5
单选题The marginal benefit from consuming the fourth unit of a product is
$34, and the marginal cost to the producer of the fourth unit is $25. Under
these circumstances, which of the following statements is most accurate?
A. Producer surplus is maximized.
B. The efficient quantity is less than four.
C. Producing and selling the fourth unit will increase efficiency.
单选题A summary measure that is computed to describe a population characteristic from a sample is called a :
单选题An analyst compared the performance of a hedge fund index with the performance of a major stock index over the past eight years. He noted that the hedge fund index (created from a database) had a higher average return, higher standard deviation, and higher Sharpe ratio than the stock index. All the successful funds that have been in the hedge fund database continued to accept new money over the eight-year period. Are the average return and the standard deviation, respectively, for the hedge fund index most likely overstated or understated? A. Both average return and standard deviation are overstated. B. Average return is overstated and standard deviation is understated. C. Average return is understated and standard deviation is overstated.
单选题Which of the following will cause an increase in the demand for labor?
单选题In a three-step process for converting cash flow from the indirect to direct presentation, which of the following statements is most accurate? The last step in the process is to: A. aggregate all revenues and all expenses. B. convert accrual amounts to cash flow amounts by adjusting for working capital changes. C. remove all noncash items from aggregated revenues and expenses and break out remaining items into relevant cash flow items.
单选题Which one of the following statements is FALSE? A. The cost recovery method is similar to the installment sales method in that revenue is recognized when cash is received, but no profit is recognized until all the cost of goods sold has been recovered. B. The installment sales method recognizes revenue and the associated cost of goods sold only when cash is received. The profit recognized is the collected cash less the proportionate cost of goods sold. C. The completed contract method doesn't recognize revenue and expense until the contact is completed and title is transferred. Profits are recognized on a prorate basis.
单选题The correct set of cash flow treatments as they relate to interest
paid according to U. S. generally accepted accounting principles (GAAP) and
International Accounting Standards (IAS) GAAP is :
U.S. GAAP IAS GAAP
①A. CFO CFO or
CFF ②B. CFF
CFF ③C. CFO CFO
A. ①
B. ②
C.③
单选题Two mutually exclusive projects have conventional cash flows, but one project has a larger NPV while the other project has a higher IRR. Which of the following least likely explains this conflict? A. Reinvestment rate assumption. B. Size of the projects' initial investments. C. Risk of the projects as reflected in the required rate of return.