You are considering an investment in Apple stock and wish to assess the firm's short-term debt-paying ability. All of the following ratios are used to assess liquidity except:
A. Debt to equity ratio.
B. Accounts receivable turnover.
C. Inventory turnover.
D. Quick ratio.
Answer: A
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Accrued interest on bonds that are sold between interest dates
a. is ignored by both the seller and the buyer. b. increases the amount a buyer must pay to acquire the bonds. c. is recorded as a loss on the sale of the bonds. d. decreases the amount a buyer must pay to acquire the bonds.
Which of the following factors does the Federal Trade Commission (FTC) consider in evaluating an ad for deception?
A. significant omissions of important information B. presence of puffery in the advertisement C. presence of superlative words in the advertisement D. lack of selective disclosure E. violation of trade regulation rule
Camponi Fashions Changes Employee Policy Camponi Fashions gives its sales consultant a $2,000 wardrobe annually to be selected from the current lines. In addition, these employees may also purchase additional clothing at a 15 percent discount. The
company recently has gone through serious financial difficulties. As part of its attempt to bring expenses down, management has decided to reduce the clothing allowance for the upcoming year to $1,000 and the purchase discount to 10 percent. When the company returns to normal profit levels, the original allowance and discount will be restored. Required: As the manager of the sales associates, write an email message conveying the change in policy for the upcoming year.
The Explosive Bull Plus Fund seeks daily investment results that correspond to two times (200%) the daily performance of the S&P 500 Index. The expected return on the S&P index is 6%, and the expected return on T-Bills (the risk-free rate) is 2%
If you wanted to build a portfolio out of T-Bills and the S&P index to mimic the performance of the Fund, then what are the portfolio weights of each asset? A) wS&P = 1 and wT-Bill = 0 B) wS&P = 1.5 and wT-Bill = -0.5 C) wS&P = 1.8 and wT-Bill = -0.8 D) wS&P = 2.5 and wT-Bill = -1.5 E) wS&P = 2.67 and wT-Bill = -1.67