更多"An analyst does research about comm"的相关试题:
[单项选择]An analyst does research about common probability distribution and estimates an asset turnover ratio will range from 1.7 to 2.4. If the ratio follows continuous uniform distribution, the probability the company's asset turnover ratio will be less than 2.1 is closest to:
A. 43.9%
B. 57.1%
C. 70.0%
[单项选择]An analyst does research about joint probability and gathers the following information about a stock's dividend:
| Event 1 | Probability of a dividend change | 0.8 |
| Event 2 | Probability of a dividend increase | 0.5 |
The joint probability that both events will occur is closest to:（）
A. 0.40
B. 0.50
C. 0.80
[单项选择]An analyst does research about common stock valuation and gathers the following annual information about a company:
·Return on assets is 4.5%
·Financial leverage (total assets/equity) is 2.0
·Dividends per share paid during 2011 is $4.20
·Earnings per share for 2011 is $7.00
·Required rate of return on the company's common stock is 12%
If the 2012 growth rate is expected to remain constant, the value of a share of the company's common stock is closest to:（）
A. $50.0
B. $51.8
C. $52.7
[单项选择]An analyst does research about common-size financial statements and develops the appropriate common-size financial statements to analyze trends over time for a company. Information selected from those common-size statements follows:
| 2008 | 2009 | 2010 | 2011 |
Stated as a percentage of assets
for each year: Inventory | 8% | 8% | 7% | 7% |
|
Stated as a percentage of sales for
each year: Cost of goods sold | 46% | 42% | 36% | 34% |
|
| Earnings before interest and taxes | 15% | 18% | 20% | 25% |
| Interest expense | 6% | 7% | 7% | 8% |
Which of the following conclu
A. increase in the interest coverage ratio.
B. decrease in the interest coverage ratio.
C. decrease in the inventory turnover ratio.
[单项选择]An analyst does research about cost of common equity. With respect to calculating the cost of equity using the bond yield plus risk premium approach, which of the following statements about the risk premium is least accurate（）
A. The risk premium compensates for the additional risk of equity compared with debt.
B. We often estimate the risk premium using historical spreads between bond yields and stock yields.
C. In developed country markets, a typical risk premium added is in the range of 2 to 4 percent.
[单项选择]An analyst does research about standard deviation and gathers the following information about two scenarios:
| Scenario | Probability | Expected rate of return |
| A | 0.40 | -5% |
| B | 0.60 | 10% |
The expected standard deviation is closest to:（）
A. 5.29%
B. 7.35%
C. 8.57%
[单项选择]An analyst does research about portfolio management. Which of the following statements is Least accurate when an investor diversifies a portfolio（）
A. Systematic risk is eliminated.
B. The variance of the portfolio declines.
C. The portfolio will have a higher correlation with the market portfolio.
[单项选择]An analyst does research about relationship between credit spreads and economic well being. In general, credit spreads on corporate bonds tend to:（）
A. tighten during both economic expansions and economic contractions.
B. widen during economic expansions and tighten during economic contractions.
C. tighten during economic expansions and widen during economic contractions.
[单项选择]An analyst does research about calculating reinvestment income to achieve desired yield. An 8 percent coupon bond with seven years to maturity makes semiannual interest payment and has a maturity value of $1000. The bond is currently selling at $1112.96 to provide a 6 percent yield. The amount of reinvestment income required to generate this yield is closest to:（）
A. $110.48
B. $123.45
C. $226.44
[单项选择]An analyst does research about financial reporting quality. An incentive for a company's management reporting lower earnings is least likely to:（）
A. remain in compliance with lending covenants.
B. obtain trade relief in the form of quotas or protective tariffs.
C. negotiate favorable terms from creditors.
[单项选择]An analyst does research about depreciation expense for a company. The company purchases equipment for $1200000 with an estimated useful life of 6 years and no estimated residual value. Using the double-declining balance method, the depreciation expense for year 3 is closest to:（）
A. $177778
B. $200000
C. $266667
[单项选择]An analyst does research about financial statements. Which of the following best describes the firm's financial performance over a period of time（）
A. Balance sheet.
B. Income statement.
C. Cash flow statement.
[单项选择]An analyst does research about different inventory valuation methods. Which inventory valuation method least likely results in the same cost of sales for both periodic and perpetual inventory systems（）
A. FIFO.
B. LIFO.
C. Specific identification method.
[单项选择]An analyst does research about difference between Generally Accepted Accounting Principles (U. S. GAAP) and Intemational Financial Reporting Standards (IFRS). The indirect method of presenting cash flow from operation is NOT allowed under（）
A. IFRS ortly.
B. U. S. GAAP only.
C. Neither IFRS nor U. S. GAAP.
[单项选择]An analyst does research about monopolistic competition. Which of the following statements is most accurate Long-run economic profit under monopolistic competition is zero because:（）
A. entry into and exit from the market are possible with fairly low costs.
B. each firm produces a differentiated product.
C. two or more firms have the incentive to collude.
