题目内容

Heidi Krueger, CFA, has discretionary authority over the accounts of Johnson, for whom she manages a portfolio of energy stocks, and Osaki, for whom she manages a diversified portfolio of domestic and

A. Only if she had not used soft dollars to pay for the conference table.
B. Only if she had not used soft dollars to pay for the conference table and had not used soft dollars from the trading of Johnsons account to pay for the report on the domestic steel industry.
C. Because she disclosed her use of soft dollars and applied them for the direct and indirect benefit of her clients.

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Given the following possibilities, which one results in an increase in total consumer expenditures?

A. Demand is elastic and price rises.
B. Demand is inelastic and price falls.
C. Demand is inelastic and price rises.

If two firms have the same revenue and operating risk, which of the following is most likely identical between these two?

A. Business risk
B. Sales risk.
C. Sensitivity of operating earnings to changes in sales volume.

If a company is a lessee and inventory prices and quantities have been increasing, the accounting methods used for new lease treatment and inventory accounting method, respectively, that are most like

A. Capital leases FIFO
B. Capital leases LIFO
C. Operating leases FIFO

An analyst is preparing common-size financial statements for each of five companies in the same industry during the same period. The most appropriate way of expressing the ending inventory for each co

A. Total assets for that company.
B. Total assets for the industry.
Current assets for that company.

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