Please assist in answering all questions below

Which ONE of the following statements is TRUE? A. In management accounting financial reports must conform to the practices and principles set by International Financial Reporting Standards (IFRS). B. In financial accounting the emphasis is on the future. C. In financial accounting reports tend to be general-purpose useful to a wide range of users. D. In management accounting objective and verifiable information is needed to prepare reports. QUESTION 2 Goodison Distributors' normal credit terms to Lakewood Stores are 30 days but is prepared to allow a 3.2% discount if Lakewood Stores pays the account within 5 days. Calculate the cost to Lakewood Stores of not accepting the discount. A. 45.8% B. 39.6% C. 51.2% D. 48.3% QUESTION 3 Which ONE of the following statements is FALSE? A. A beta coefficient tells us how much systematic risk a particular asset has relative to an average asset. B. A high beta coefficient means that the asset is not heavily affected by market changes. C. The Capital Asset Pricing Model (CAPM) allows investors to determine the required rate of return on a share, based on the risk associated with that share. D. A low beta coefficient implies low variance. QUESTION 4 Suppose a company has a beta factor of 1.5 , a market returns of 11% and a risk-free return of 9%. The cost of equity, RE for this company is: A. 9% B. 11% C. 8% D. 7%