单选题A corporate manager pursuing a low-cost strategy will most likely:
单选题A firm has a return on equity (ROE) of 15% and a dividend payout rate of 80%. If last year's dividend was $0.80 and the required return on equity is 10%, what is the firm's estimated dividend growth rate and what is the current stock price? Dividend growth rate Stock price ①A. 12.00% $ 11.77
②B. 3.00% $ 9.96
③C. 3.00% $ 11.77
A．① B．② C．③
单选题Sato Kashingaki, CFA, is a financial advisor who practices in multiple jurisdictions
单选题Lin Liang, CFA, is an investment manager and an auto industry expert
单选题In accrual accounting, if an adjusting entry results in the reduction of an asset and the recording of an expense, the originating entry recorded was most likely a(n):
单选题If the stated annual interest rate is 9% and the frequency of compounding is daily, the effective annual rate (EAR) is closest to:
单选题Compared with using the FIFO method to account for inventory, during a period of rising prices, which of the following ratios is most likely higher for a company using LIFO?
单选题A manufacturing firm reports the following in its financial statements: Gross plant and equipment $ 2700000 Depreciation expense $ 235000 Accumulated depreciation $1850000 The average depreciable life of plant and equipment is:
单选题An investor bought a futures contract covering 100000 Mexican Pesos at 0.08196 and deposited margin of $320. The following day the contract settlement price was 0.08201. The new margin balance in the account is:
单选题Which of the following statements about the various tests of the efficient market hypothesis (EMH) is INCORRECT? A. Tests of the semi-strong form EMH give mixed results. Time-series tests such as dividend yield and default spread reject the semi-strong form EMH while event studies of stock splits and announcements of accounting changes support it. B. The superior historical performance of exchange specialists and corporate insiders rejects the semi-strong form of the EMH. C. The historical performance of professional money managers supports the semi-strong form of the EMH.
单选题According to the International Accounting Standards Boards Conceptual Framework for Financial Reporting, the two fundamental qualitative characteristics that make financial information useful are best described as:
单选题Bond market indexes are generally more difficult to create than stock
indexes for all of the following reasons except:
A. the small number of bond issues relative to stocks.
B. the routine maturity and call provisions of bonds.
C. the difficulty in establishing market prices for many bonds.
单选题Which of the following would be least likely to cause a change in cash flow from financing activities under U.S. GAAP?
单选题Ananalystdoesresearchaboutcurrencyexchangerateandgathersthefollowinginformationabouteuro()/dollar($)exchangerates:Relativetothedollar,theeuroisbestdescribedas:A.weak,tradingatanannualizedforwarddiscountof6.17percent.B.weak,tradingatanannualizedforwarddiscountof6.20percent.C.strong,tradingatanannualizedforwardpremiumof6.17percent.
单选题With respect to sensitivity to the business cycle, an industry largely independent of the business cycle is least likely classified as: A. defensive. B. non-cyclical. C. counter-cyclical.
单选题Assume the following capital lease: Present value
(PV) of lease payments at 10 percent is $ 25000. The leased
asset is depreciated straight line over 5 years. The lease
payment is $ 6000. The first payment of $ 6000 is to be paid at
the end of the year. On a before tax basis, the income reported
under capital lease compared with that reported under an operating lease for the
first year will be:
A. $1500.
B. - $ 2500.
C. - $1500.
单选题According to the quantity theory of money, if the gross domestic
product is $6 trillion and M1 money supply is $ 800 billion, the velocity of the
M1 money supply is:
A. 0.133.
B. 1.153.
C. 7.500.
单选题The best way to determine the suitability of an investment is: A. based on portfolio performance results, presented as a weighted average, from the biggest financial companies. B. with the help of the special performance presentation standards. C. to consider the financial situation, investment experience, and investment objectives of the client.
单选题During an on-site company visit, Marsha Ward, CFA, accidentally overheard the chief executive officer of Stargazer, Inc
单选题When providing outside services, a member should provide all of the following information to her current employer EXCEPT: A. the types of services to be provided. B. the compensation she will receive. C. a promise to remit an agreed-upon percentage of the proceeds to the current employer.