Question 456
Assume the correct current ratio is bigger than 1. If purchase (on account) is overstated by $3,000 and the ending inventory is overstated by $3,000, the current ratio is ______ and the working capital is
_ _____.
_ _____.
Question 457
The single price auction method used by the U.S. Treasury is a variation of
Question 458
Which of the following is incorrect?
Question 459
Based on the "A Manual for Investors", investors should ensure that all members of ______ must be
Independent Board Members.
I). Audit committee.
II). Remuneration / Compensation committee.
III). Nominations Committee.
Independent Board Members.
I). Audit committee.
II). Remuneration / Compensation committee.
III). Nominations Committee.
Question 460
Which of the following statements is (are) inconsistent with the Markowitz theory of portfolio management?
I). Investors maximize a one-period expected utility curve with inherent diminishing marginal utility of wealth.
II). Investors use the risk measure of beta as the basis of determining risk.
III). Investors base their investment decisions exclusively on the basis of expected risk and return.
IV). a single asset or portfolio of assets is considered to be efficient if no available asset has a superior return for a given risk level, or lower risk given a return level.
I). Investors maximize a one-period expected utility curve with inherent diminishing marginal utility of wealth.
II). Investors use the risk measure of beta as the basis of determining risk.
III). Investors base their investment decisions exclusively on the basis of expected risk and return.
IV). a single asset or portfolio of assets is considered to be efficient if no available asset has a superior return for a given risk level, or lower risk given a return level.