Which of the following statistics would NOT be useful to forecast currency exchange rates?
A) the root mean square error
B) mean absolute deviation
C) the Sharpe ratio
D) the covariance with the benchmark currency changes
Answer: D
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Having only one person authorized to both prepare and sign checks is a violation of what internal control procedure?
a. Segregation of duties b. Independent review and appraisal c. Independent verifications d. Proper authorizations
[APPENDIX] The Deferred Tax account should reflect permanent differences but not items that are temporary differences between book accounting and tax reporting
a. True b. False Indicate whether the statement is true or false
Managerial accounting reports and information are used by external users and financial accounting by internal users.
Answer the following statement true (T) or false (F)
If you create a will,
a. probate is avoided. b. the will is irrevocable once created. c. the will reduces or eliminates estate taxes. d. none of the above