Question
1.What is the Capital Assets Pricing Module? A. An economic theory that describes the relationship between risk and expected return B. six step process for
1.What is the Capital Assets Pricing Module?
A. An economic theory that describes the relationship between risk and expected return
B. six step process for rating long term assets
C. A measure of price volatility
D.One of four modules used to value Capital Assets on the Balance Sheet
3.Which of the following items would have a low price elasticity?
A Yacht
Gasoline
Dinner at an expensive restaurant
A new Mercedes Benz
4.Which of the following documents is not required to be filed with the Securities and Exchange Commission for a public company?
A 10K
A 10 Q
An Annual Report
A Proxy Statement
5.If the words Going Concern are in an auditors statement, the opinion is:
Unqualified
Qualified
Disavowed
Not in compliance with the Sarbanes Oxley act of 2002
Question 6
Of the following, which is the most Discretionary?
Accounts Payable
Inventory
Research and Development
Taxes
7.Which of the following documents will contain information about the compensation for Directors of a public company:
The 10Q
The Proxy Statement
The Annual Report
The outside Auditors Report
8.Use the following Company A Balance Sheet for the next questions 8 and 9
The Common Size entry for Inventory for Company A is:
54%
33%
18%
16%
9.The Working Capital of Company A is:
$1,400,000
$1,900,000
$3,400,000
$5,300,000
10.Company A raises the price of its Widget product from $100 to $110. As a result of the price increase, the demand for this Widget product drops from 90,000 units sold per year to 75,000 units sold per year. Management, therefore, has determined that the product has a.
A.Low Elasticity of Demand
B.High Elasticity of Demand
Elasticity of Demand 1 e 1=(d)/(p) where: 1e1= elasticity expressed as an absolute number d= percentage change in quantity demanded p= percentage change in priceStep by Step Solution
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