Free Access CFA.CFA-Level-I.v2023-07-10.q797 Practice Test (Page 76)

Question 371

The following statements regarding the NPV rule and the rate of return rule are true except:

A.Accept a project if its NPV > 0, and reject a project if its NPV 0.

B.Accept a project if its rate of return> 0

C.Accept a project if its rate of return> opportunity cost of capital

Question 372

Anti-dilutive securities should:

A.not be used in calculating basic or diluted EPS.

B.be used in calculating diluted EPS but not basic EPS.

C.be used in calculating basic EPS but not diluted EPS.

Question 373

If you are told a population has a mean of 25 and a variance of 0, what must you conclude?

A.All the elements in the population are 25.

B.Someone has made a mistake.

C.There is only one element in the population.

Question 374

If you can invest for 2 years at 5% today, or invest for 1.5 years at 4.6%, what would you have to earn on your reinvestment to be just as well off?

A.3.102%

B.5.40%

C.6.204%

Question 375

Which statement is true?

A.Cash flow is real and not subject to the vagaries of GAAP or the whims of the accountants.

B.Cash flow is measured by a standardized, immutable process, without the assumptions and interpretations that are inherent in the measurement of accrual-based income.

C.Because they can be readily confirmed, the balance in cash at period's end and the total change in cash during a reporting period are not prone to misstatement.

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Question 371

Question 372

Question 373

Question 374

Question 375

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