单选题Which of the following statements is most accurate in regard to the tax division between buyers and sellers of products with perfectly elastic demand? A. Sellers pay the entire tax. B. Buyers bear the entire tax burden. C. Buyers and sellers share the tax burden.

单选题Gardner Knight, CFA, is a product development specialist at an investment bank

单选题As part of an AIMR investigation into the conduct of Helen, CFA, AIMR requests records from Helen about her investment accounts

单选题AMexicancorporationiscomputingthedepreciationexpenseofapieceofmanufacturingequipmentforthefiscalyearendedDecember31,2010usingtheinformationbelow.Thecompanytakesafullyearsdepreciationintheyearofacquisition.DateofpurchaseJanuary1,2010CostofequipmentMXN2,000,000EstimatedresidualvalueMXN200,000Expectedusefullife10yearsTotalproductivecapacity5,000,000unitsProductionin2010800，000unitsThedepreciationexpense(inMXN)willmostlikelybe:

单选题In 2000, Able Builders, Inc

单选题The fact that it is not heavily dependent on the analysis of accounting information is an advantage of:

单选题A project offers the following incremental after-tax cash flows: Year 0 1 2 3 4 Cash flow(） -12,500 2,000 4,000 5,000 2,0 The appropriate discount rate to use in evaluating the project is 8%

单选题In a value-weighted index firms with: A. larger market caps have lesser impacts on the index. B. greater market caps have greater impacts on the index. C. higher stock prices have greater impacts on the index.

单选题Which of the following is least likely to be a requirement for a firm claiming compliance with Global Investment Performance Standards (GIPS)? A. List discontinued composites for at least five years. B. Comply with all requirements and be aware of updates and guidance statements. C. Provide a compliant presentation only to prospects who request one.

单选题In order to test if Stock A is more volatile than Stock B, prices of both stocks are observed to construct the sample variance of the two stocks. The appropriate test statistics to carry out the test is the: A. F - test. B. t - test. C. Z - test.

单选题David Wildstein, Harry Osajnuk, and Kurt Weil, are all junior economists at the Bank of Scarsdale. Over lunch they were discussing the U.S. Federal Reserve (the Fed) and the banking system in the United States. They made the following statements regarding the overall purpose of the Federal Reserve System: Wildstein: In my opinion, the overall purpose and goal of the Federal Reserve System is to insure the deposits of individuals and firms holding funds with banking institutions. Osajnuk: The overall goal of the Federal Reserve System is to keep the discount rate flexible so that if additional funds are needed in the economy the discount rate will be reduced and if there is too much money in the economy the discount rate will be increased. Weft: The primary purpose of the Federal Reserve System is to regulate the amount of excess reserves held by member banks through the potential deposit expansion multiplier. Are the statements made by Wildstein, Osajnuk, and Weil correct? Wildstein Osajnuk Weil ①A. Incorrect Incorrect Correct ②B. Correct Incorrect Incorrect ③C. Incorrect Incorrect Incorrect A. ①B. ②C. ③

单选题Given the following inventory data about a firm: Beginning inventory 20 units at $50/unit Purchased 10 units at $45/unit Purchased 35 units at $55/unit Purchased 20 units at $65/unit Sold 60 units at $80/unit What is the inventory value at the end of the period using LIFO?（ ）

单选题According to the CFA Institute Code of Ethics and Standards of Professional Conduct, trading on material nonpublic information is least likely to be prevented by establishing:

单选题The "fraud triangle" consists of:

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Kirsten Kelso, CFA, is a research analyst at an independent research firm

单选题An analyst gathers the following information about a company's common stock: · 1 January 2009 180000 shares outstanding · 1 June 2009 60000 shares issued · 1 August 2009 2-for-1 stock split · 31 December 2009 480000 shares outstanding To calculate earnings per share for 2009, the company's weighted average number of shares outstanding is closest:

单选题Deconal Corporation has assets on its balance sheet of $200 million that are financed with 60% equity and 40% debt. The executive management team at Deconal is considering a major expansion that would require raising additional capital. David, the CFO of Deconal, has put together the following schedule for the costs of equity and debt: amount of new equity (in millions) cost of equity amount of new debt (in millions) after-tax cost of debt 0～99 100～179 180～299 7.2% 7.5% 8.0% 0～49 50～99 100～199 3.4% 4.0% 4. 6% In a presentation to Deconal"s Board of Directors, David makes the following statements: Statement A: If we maintain our target capital structure of 60% equity and 40% debt, the break point at which our cost of equity will increase to 7.5% is $280 million in new capital. Statement B: If we want to finance total assets of $600 million, our marginal cost of capital will increase to 6.64%. Are David"s statements correct or incorrect? Statement A Statement B ① correct incorrect ② incorrect correct ③ incorrect incorrect

单选题For a t- distributed test statistic with 30 degrees of freedom, a one -tailed test specifying the parameter greater than some value and a 95 percent confidence level, the critical value is: A. 1.697. B. 1.640. C. 2.042.

单选题For a US investor, which of the following statements concerning investing in depository receipts (DRs) is least accurate?