The expected value of a random variable is
a. the value of the random variable that should be observed on the next repeat of the experiment
b. the value of the random variable that occurs most frequently
c. the square root of the variance
d. None of these alternatives is correct.
d
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On December 1, 20X8, Hedge Company entered into a 60-day speculative forward contract to sell 200,000 British pounds (£) at a forward rate of £1 = $1.78. On the same day it purchased a 60-day speculative forward contract to buy 100,000 euros (€) at a forward rate of €1 = $1.42.The rates are as follows: Forward Rate for Forward Rate forDateSpot Rate Feb 1 Spot Rate Feb 1December 1, 20X8£1=$1.76 $1.78 €1=$1.40 $1.42 December 31, 20X8£1= 1.73 1.74 €1= 1.38 1.40 February 1, 20X9£1= 1.75 €1= 1.41 Hedge had no other speculation transactions in 20X8 and 20X9. Ignore taxes.Based on the preceding information, what is the net gain or loss on the British pound speculative contract?
A. $6,000 gain B. $10,000 gain C. $8,000 gain D. $3,000 loss
Which qualitative characteristic pertains wholly to the attitude of board members as opposed to being more directly concerned with specific aspects of information contained in the financial statements?
a. Representational faithfulness b. Verifiability c. Consistency d. Neutrality
The four primary ethical norms are freedom, stability, justice, and efficiency
Indicate whether the statement is true or false
The objective of the maximal flow solution approach is to:
A) maximize resource allocation . B) maximize the total amount of flow from an origin to a destination. C) determine the longest distance between an originating point and one or more destination points. D) determine the shortest distance between an originating point and one or more destination points.