A company using LIFO reports the following:·Cost of goods sold was $27,000.·Beginning inventory was $6,500, and ending inventory was $6,200.·The beginning LIFO rese
A. $21,300.
B. $26,800.
C. $27,500.
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An analyst gathered the following information about a company:·Cash flow from operations $800·Purchase of plant and equipment 40·Sale of land 30·Interes
A. $840.
B. $870.
C. $940.
A major bank has entered into a 4-year, annual-pay, 6% plain-vanilla interest rate swap with a notional principal value of $10,000,000 as the fixed-rate payer. The following spot and forward rates are
A. $100,000 inflow.
B. $0.
C. $100,000 outflow.
An individual sees her income rise from $80,000 to $88,000, and along with it, her consumption of Good X has decreased from eight dozen packages per year to six dozen packages per year. Good X should
A. Normal good.
B. Veblen good.
C. Inferior good.
Ira stocks beta is equal to 1.2, its standard deviation of returns is 28%, and the standard deviation of the returns on the market portfolio is 14%, the covariance of the stocks returns with the retur
A. 0.168.
B. 0.024.
C. 0.600.