Question 31
Crashem Co. purchases equipment for $180,000 in cash. How would this transaction affect the financial statements?
Question 32
The gains from trade for consumers are measured by
Question 33
In terms of CFA Institute's Standards of Professional Conduct per Standard III (A): Loyalty, Prudence, and Care, what are the duties that a member would have when managing an individual client's assets?
The Manager has the responsibility:
I). To ensure that the client's objectives and expectations are realistic.
II). To ensure that the client's objectives and expectations suit the client's set of circumstances.
III). To explain all the risks involved to the client and ensure that he has understood them.
IV). To make sure that his own personal objectives do not conflict with that of the client.
The Manager has the responsibility:
I). To ensure that the client's objectives and expectations are realistic.
II). To ensure that the client's objectives and expectations suit the client's set of circumstances.
III). To explain all the risks involved to the client and ensure that he has understood them.
IV). To make sure that his own personal objectives do not conflict with that of the client.
Question 34
What is the minimum number of years required for $1,000 invested at 7 % per annum to exceed
$ 1,200 invested at 6 % per annum?
$ 1,200 invested at 6 % per annum?
Question 35
Under a system of fixed exchange rates, an upward revaluation of a nation's currency would