单选题An industrial economist is evaluating the supply and demand conditions for two different factors of production. Factor 1: The demand curve is derived from the resource's marginal revenue product in the current period. Factor 2: The supply curve is perfectly inelastic and the price is determined by demand. Which of the following choices most likely identifies these two factors of production? Factor 1 Factor 2 ①A. Labor Non-renewable resource ②B. Machinery Renewable resource ③C. Labor Renewable resource
单选题The net income for Miller Bat Company was $ 3 million for the year ended December 31,2004. Additional information is as follows: Depreciation on fixed assets $1500000 Gain from cash sales of land 200000 Increase in accounts payable 300000 Dividends paid on preferred stock 400000 The net cash provided by operating activities in the statement of cash flows for the year ended December 31,2004 is :
单选题To be recognized as a financial statement element under the IFRS Framework for the Preparation and Presentation of Financial Statements an element most appropriately needs to:
单选题An analyst routinely has the opportunity to offer his clients the
opportunity to purchase "hot new issues. " He tells his clients that he will
distribute each issue equally among those interested, with himself included in
the distribution. The clients do not object to this. With respect to
Standard Ⅵ (B) , Priority of Transactions, this :
A. cannot be a violation because the clients know of the practice and
agree.
B. may be a violation because it is impossible to distribute hot new issues
equally.
C. may be a violation despite the clients' approval.
单选题An argument against using the price-to-earnings (P/E) valuation approach is that: A. earnings power is the primary determinant of investment value. B. earnings can be negative. C. research shows that P/E differences are significantly related to long-run average stock returns.
单选题An increase in the expected rate of inflation is most likely to cause aggregate demand and short-run aggregate supply to:
Aggregate demand Short-run aggregate supply
①A. Increase Increase
②B. Increase Decrease
③C. Decrease Increase
A. ① B. ②C. ③
单选题Which of the following is NOT a probability distribution? A. Flip a coin: P(H)=P(T)=0.5. B. Roll an irregular die: P(1)=P(2)=P(3)=P(4)=0.2 and P(5)=P(6)=0.1. C. Zeta Corp. : P(dividend increases)=0.60, P(dividend decreases)=0.30.
单选题 根据以下信息解答问题。
(1)厂商以300000美元的价格购进了一项资产，该资产的使用寿命为5年，且不存在折余值；
(2)在未来5年的使用寿命期限内，该项资产将产生140000美元的现金流； (3)各年的税率为40%；
(4)基于避税的目的，厂商将在未来4年使用直线折旧法对该项资产进行折旧，并基于编制财务报表的需要，在未来5年使用直线折旧法对该项资产进行折旧。
单选题Assume an economy is operating at full employment and that the central bank announces a decrease in the growth rate of the money supply to reduce inflation, which market participants do not believe is credible. In the short run, are the directions of the impacts on employment and inflation the same or different, and in the long run, are the directions of the impacts on employment and inflation the same or different?
Short run: Long run:
Employment and inflation effects Employment and inflation effects
①A. Same Same
②B. Same Different
③C. Different Same
A. ①B. ②C. ③
单选题Ananalystisanalyzingtwocompaniesinthesameindustryandbelievesthattheyhavesimilarstrategiesregardingtheuseofproperty,plant,andequipment(PPE).HealsothinksthatthePPEassetsofthetwocompaniesareroughlyofthesameageandhavethesameexpectedusefullivesremaining.CompanyAusestheLIFOmethodofinventoryvaluation,andCompanyBusestheFIFOmethod.Thefollowingadditionalinformationisavailablefromthecompaniesfinancialstatements:Intheanalystsopinion,whichofthefollowingconclusionsismostappropriate?ComparedwithCompanyA,CompanyB:
单选题The main motivation for a passive investor to participation in the commodities market is that it provides:
单选题With respect to cash flow statement, under U. S. GAAP, dividends paid are most likely reported as: A. investing activity. B. financing activity. C. operating activity.
单选题To convert an indirect statement of cash flows to a direct basis, the
analyst would:
A. add decreases in accounts receivables to net sales.
B. subtract customer cash advances from net sales.
C. subtract increases in accounts payable from the cost of goods
sold.
单选题If the quantity demand for a product increases from 9 units to 13 units when the price decrease from $12 to $8, the price elasticity of demand is closest to: A. 0.91 B. 1.00 C. 1.10
单选题The most accurate way to account for flotation costs when issuing new equity to finance a project is to : A. increase the cost of equity capital by dividing it by ( 1 - flotation cost). B. adjust cash flows in the computation of the project NPV by the dollar amount of the flotation costs. C. increase the cost of equity capital by multiplying it by ( 1 + flotation cost).
单选题Scan, CFA, is a portfolio manager for RBS Investment Management Company-a registered investment organization that advises investment companies and private accounts-was promoted to that position three years ago. Richard, his supervisor, is responsible for reviewing Sean"s portfolio account transactions and his required monthly reports of personal stock transactions. Scan has been using Marcy, a broker, almost exclusively for portfolio account brokerage transactions. For securities in which Marcy"s firm makes a market, Marcy has been giving Scan lower prices for personal purchases and higher for personal sales than Marcy gives to Sean"s portfolio accounts and other investors. Sean has been filing monthly reports with Richard only for those months in which he has no personal transactions. Which of the following is least likely to be a violation of the Code and Standards?
单选题Janes' Funds based in Colorado underwent a management shake-up after two years of horrific returns. The new manager, Juan, who adhere strictly to GIPS decided to change the name on many funds in order to initiate new performance numbers. A. Juan is in compliance with GIPS because there will be new fund mangers. B. Juan is in compliance because the firm will change the make up of the portfolios dramatically. C. Juan is in violation because you cannot restate performance due to a management change.
单选题Using the one-year holding period and multiple-year holding period dividend discount model (DDM), calculate the change in value of the stock of Monster Burger Place under the following scenarios
单选题Consider two bonds that are identical except for their coupon rates
单选题An investor plans to buy a 10-year, $1000 par value, 8 percent semiannual coupon bond. If the yield to maturity of the bond is 9 percent, the bonds value is（ ）