At the start of a month, a retailer paid $5,000 in cash for different types of candies. He sold candies costing $2,000 for $3,000 during the month. The most likely effect of these transactions on the
A. Be unchanged.
B. Increase by $1,000.
C. Decrease by $2,000.
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Hezi Cohen, a CFA candidate, is a heavy user of social networking sites on the Internet. His favorite site only allows a limited number of characters for each entry so he has learned to abbreviate eve
A. Use of abbreviations.
B. Claiming retirement planning expertise.
C. Blogging about broad topical areas within the CFA Exam Program.
Praful Chandarana, CFA, is starting a new business to offer investment-consulting services to pension fund trustees in response to a new regulation that requires all pension fund Investment Policy Sta
A. No.
B. Yes,with regard to Professionalism.
C. Yes,with regard to Duties to Employer.
A minimum wage above the equilibrium wage is best characterized as a:
A. Price floor
B. Price ceiling.
C. Means of minimizing unemployment.
Which of the following is least likely to be a warning sign of low quality earnings?
A. Greater use of operating leases than peer companies.
B. Use of a higher discount rate in pension plan assumptions.
C. A ratio of operating cash flow to net income greater than 1.0.