The AICPA Division for CPA Firms requires member firms to ensure that all professionals participate in continuing education programs
Indicate whether the statement is true or false
TRUE
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A cover message should always be limited to one page
Indicate whether the statement is true or false
Social networking sites that compete directly with Facebook have a difficult time surviving; however, LinkedIn has survived by focusing on the needs of business professionals, who seek to network with colleagues, share their expertise, post online résumés, and look for new jobs. Write a value proposition for LinkedIn.
What will be an ideal response?
Ivan Knobel holds a well-diversified portfolio that has an expected return of 11.0% and a beta of 1.20. He is in the process of buying 1,000 shares of Syngine Corp at $10 a share and adding it to his portfolio. Syngine has an expected return of 13.0% and a beta of 1.50. The total value of Ivan's current portfolio is $90,000. What will the expected return and beta on the portfolio be after the purchase of the Syngine stock?
A. 10.64%; 1.17 B. 11.20%; 1.23 C. 11.76%; 1.29 D. 12.35%; 1.36 E. 12.97%; 1.42
The acid-test ratio of a firm would be unaffected by which of the following?
A) Inventories are sold on a short-term credit basis. B) Common stock is sold and the money is invested in marketable securities. C) Inventories are sold for cash. D) Accounts payable are reduced by obtaining a short-term loan.