更多"[单选题]Which one of the following cos"的相关试题:
[单选题]Which one of the following compounding periods will yield the lowest effective annual rate given a stated future value at Year 5 and an annual percentage rate of 10 percent?
A. Annual
B. Semi-annual
C. Monthly
D. Daily
E. Continuous
Difficulty: 1 Easy
Topic: Interest rates
Learning Objective: 06-04 Show how interest rates are quoted (and misquoted..
[单选题]Which one of the following relationships applies to a par value bond?
A. Yield to maturity > Current yield > Coupon rate
B. Coupon rate > Yield to maturity > Current yield
C. Coupon rate = Current yield = Yield to maturity
D. Coupon rate < Yield to maturity < Current yield
E. Coupon rate > Current yield > Yield to maturity
Difficulty: 1 Easy
Topic: Bond yields and returns
Learning Objective: 07-02 Explain bond values and yields and why they fluctuate.
[单选题]Which one of the following standardizes items on the income statement and balance sheet relative to their values as of a chosen point in time?
A. Statement of standardization
B. Statement of cash flows
C. Common-base year statement
D. Common-size statement
E. Base reconciliation statement
Difficulty: 1 Easy
Topic: Standardized financial statements
[单选题]Which one of the following correctly describes the dividend yield?
A. Next year's annual dividend divided by today's stock price
B. This year's annual dividend divided by today's stock price
C. This year's annual dividend divided by next year's expected stock price
D. Next year's annual dividend divided by this year's annual dividend
E. The increase in next year's dividend over this year's dividend divided by this year's dividend
Difficulty: 1 Easy
Topic: Stock returns and yields
Learning Objective: 12-01 Calculate the return on an investment.
[单选题]Which one of the following statements concerning scenario analysis is correct?
A. The pessimistic case scenario determines the maximum loss, in current dollars, that a firm could possibly incur from a given project.
B. Scenario analysis defines the entire range of results that could be realized from a proposed investment project.
C. Scenario analysis determines which variable has the greatest impact on a project's final outcome.
D. Scenario analysis helps managers analyze various outcomes that are possible given reasonable ranges for each of the assumptions.
E. Management is guaranteed a positive outcome for a project when the worst-case scenario produces a positive NPV.
Difficulty: 2 Medium
Topic: Scenario analysis
Learning Objective: 11-02 Perform and interpret a scenario analysis for a proposed investment.
[单选题]Which one of the following statements related to unexpected returns is correct?
A. All announcements by a firm affect that firm's unexpected returns.
B. Unexpected returns over time have a negative effect on the total return of a firm.
C. Unexpected returns are relatively predictable in the short-term.
D. Unexpected returns generally cause the actual return to vary significantly from the expected return over the long-term.
E. Unexpected returns can be either positive or negative in the short term but tend to be zero over the long-term.
Difficulty: 1 Easy
Topic: Expected return
Learning Objective: 13-01 Show how to calculate expected returns, variance, and standard deviation.
[单选题]Which one of the following will decrease the net present value of a project?
A. Increasing the value of each of the project's discounted cash inflows
B. Moving each cash inflow forward one time period, such as from Year 3 to Year 2
C. Decreasing the required discount rate
D. Increasing the project's initial cost at time zero
E. Increasing the amount of the final cash inflow
Difficulty: 1 Easy
Topic: Net present value
Learning Objective: 09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.
[单选题]Which one of the following represents the capital gains yield as used in the dividend growth model?
A. D1
B. D1/P0
C. P0
D. g
E. g/P0
Difficulty: 1 Easy
Topic: Constant-growth stock
Learning Objective: 08-01 Explain how stock prices depend on future dividends and dividend growth.
[单选题]Which one of the following best describes the concept of erosion?
A. Expenses that have already been incurred and cannot be recovered
B. Change in net working capital related to implementing a new project
C. The cash flows of a new project that come at the expense of a firm's existing cash flows
D. The alternative that is forfeited when a fixed asset is utilized by a project
E. The differences in a firm's cash flows with and without a particular project
Difficulty: 1 Easy
Topic: Cash flows
Learning Objective: 10-01 Determine the relevant cash flows for a proposed project.
[单选题]Which one of the following functions should be the responsibility of the controller rather than the treasurer?
A. Depositing cash receipts
B. Processing cost reports
C. Analyzing equipment purchases
D. Approving credit for a customer
E. Paying a vendor
[单选题]Which one of the following methods predicts the amount by which the value of a firm will change if a project is accepted?
A. Net present value
B. Discounted payback
C. Internal rate of return
D. Profitability index
E. Payback
Difficulty: 1 Easy
Topic: Net present value
Learning Objective: 09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.
[单选题]Which one of the following represents the most liquid asset?
A. $100 account receivable that is discounted and collected for $96 today
B. $100 of inventory that is sold today on credit for $103
C. $100 of inventory that is discounted and sold for $97 cash today
D. $100 of inventory that is sold today for $100 cash
E. $100 of accounts receivable that will be collected in full next week
Difficulty: 1 Easy
Topic: Liquidity
Learning Objective: 02-01 Describe the difference between accounting value (or "book" value. and market value.
[单选题]Which one of the following statements is correct?
A. The unexpected return is always negative.
B. The expected return minus the unexpected return is equal to the total return.
C. Over time, the average return is equal to the unexpected return.
D. The expected return includes the surprise portion of news announcements.
E. Over time, the average unexpected return will be zero.
Difficulty: 1 Easy
Topic: Expected return
Learning Objective: 13-01 Show how to calculate expected returns, variance, and standard deviation.
