A web site can be an interface into a database
Indicate whether the statement is true or false
TRUE
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A contract adds distinct goods and services and the contract price does not reflect the stand-alone selling price of these goods and services. How is the contract modification accounted for?
A) as a separate contract B) prospective method C) retrospective method D) cumulative catch-up method.
In observing the client's inventory at year-end the auditor makes test counts that are later traced into the client's inventory compilation
a. True b. False Indicate whether the statement is true or false
When attempting to identify the economic characteristics of the industry in which a particular firm participates an analyst might ask which of the following questions?
a. Does technological change play an important role in the firm maintaining a competitive advantage? b. Has the firm diversified across several geographic markets? c. Has the firm recognized revenues at the proper time? d. Has the firm structured transactions to make it look more profitable than economic conditions suggest?
Which of the following statements is CORRECT?
A. The CAPM is an ex ante model, which means that all of the variables should be historical values that can reasonably be projected into the future. B. The beta coefficient used in the SML equation should reflect the expected volatility of a given stock's return versus the return on the market during some future period. C. The general equation: Y = a + bX + e, is the standard form of a simple linear regression where b = beta, and X equals the independent return on an individual security being compared to Y, the return on the market, which is the dependent variable. D. The rise-over-run method is not a legitimate method of estimating beta because it measures changes in an individual security's return regressed against time. E. ?The Security Market Line (SML) shows the relationship between risk as measured by beta and the required rate of return for all securities.