Winthur Publishing Company invests $ 800000 in a printing press that will be depreciated on a straight-line basis over four years and will have a zero salvage value at the end of its life. Sales revenues, operating expenses, and net income for each year are shown in the table below.()
A. $18.75
B. $15.75
C. $12.75
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Roy, CFA, manages several pension accounts and directs most of his trades through the Wales Investment Limited. Roy does this because he believes that he gets good executions and Wales Investment Limited provides him with excellent research reports used in the management of these accounts. Regional, a small discount brokerage house, has just approached Roy that it will execute his trades at half the cost of Wales. Regional does not have a research department. According to AIMR Standards of Professional Conduct, if Wales does NOT switch his business to Regional, has he violated the loyalty clause in his fiduciary duties()
A. No, because he already had an established relationship with Wales before Regional’s offer.
B. No, if he can determine, in good faith, that the higher commissions are commensurate with the value of the research services he receives and discloses this practice.
C. Yes, because of the prudent expert clause.
2011年6月6日,某炼油厂油罐区的2号汽油罐发生火灾爆炸事故,造成1人死亡、3人轻伤,直接经济损失420万元。该油罐为拱顶罐,容量200 m3。油罐进油管从罐顶接入罐内,但未伸到罐底,罐内原有液位计因失灵已拆除。 2011年5月20日,油罐完成了清罐检修。6月6日8时,开始给油罐输油,汽油从罐顶输油时进油管内流速为2.3~2.5m/s,导致汽油在罐内发生了剧烈喷溅,随即着火爆炸。爆炸把整个罐顶抛离油罐。现场人员灭火时发现泡沫发生器不出泡沫,匆忙中用水枪灭火,导致火势扩大。消防队到达后,用泡沫扑灭了火灾。 事故发生后,在事故调查分析时发现,泡沫灭火系统正常,泡沫发生器不出泡沫的原因是现场操作人员操作不当,开错了阀门。该厂针对此次事故暴露出的问题,加强了员工安全培训,在现场增设了自动监控系统,完善了现场设备、设施的标志和标识,制定了安全生产应急救援预案。 根据以上场景,回答下列问题(1~3题为单选题,4~8题为多选题) 根据《生产安全事故报告和调查处理条例》,炼油厂主要负责人在接到此次事故报告后,应在( )内,将事故信息以电话快报方式上报其所在地县级人民政府安全生产监管部门。
A. 1小时
B. 2小时
C. 24小时
D. 7天
E. 30天
Which of the following is a limitation to fully efficient markets()
A. The gains to be earned by information trading can be less than the transaction costs the trading would entail.
B. In general, for securities with smaller transaction costs, the deviations from informationally efficient prices are greater than for securities with larger transaction costs.
C. There are no limitations to fully efficient markets because the trading actions of fundamental and technical analysts are continuously keeping prices at their intrinsic value.
If flotation costs are treated correctly in calculating the net present value of a project that will begin in the current period, the flotation costs are most likely:()
A. reflected in the discount rate used for the project.
B. included in the initial outlay.
C. to reduce NPV less if a high discount rate is used for the project.