题目内容

In a period of declining prices and stable or increasing inventory quantities, which of the following descriptions on the impact of LIFO and FIFO on financial statements (is) are true?LIFO FIFO

A. Ⅲ only.
B. Ⅰ and Ⅱ only.
C. Ⅰ and Ⅲ only.

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According to capital asset pricing model (CAPM), if an investor holds a portfolio that lies on the capital market line (CML) to the right of the market portfolio, that investor should expect that his

A. Earnlessreturnthanonthemarketportfolio
B. Earnmorereturnthanonthemarketportfolio
C. Havelesssystematicriskthanthemarketportfolio

Are principal amounts typically exchanged at the beginning of a (n):Interest rate swap? Currency swap?

A. Yes Yes
B. No No
C. No Yes

Do “margin” in the stock market and “margin” in the futures market, respectively, mean that an investor has received a loan that reduces the amount of his own money required to complete the transactio

A. No No
B. Yes No
C. No Yes

A cyclical companys size increases hugely in the recent years and has fluctuant earning every year. Which method is least likely to use to calculate this companys earning to formulate P/E ratio?

Averagehistoricalearningswhichdoesntconsidercyclicalearnings.
B. AverageROEwhichdoesntconsidercyclicalearnings.
C. Averagehistoricalearningswhichdoesntconsidercompanyssizechange.

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