When should measures of location and dispersion be computed from grouped data rather than from individual data values?
a. as much as possible since computations are easier
b. only when individual data values are unavailable
c. whenever computer packages for descriptive statistics are unavailable
d. only when the data are from a population
B
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The impairment test for an intangible asset with a definite life compares the
a. fair value of the asset to its book value. b. sum of the undiscounted cash flows expected to be generated by the asset to its book value. c. sum of the discounted cash flows expected to be generated by the asset to its fair value. d. sum of the undiscounted cash flows expected to be generated by the asset to its fair value.
How do firms account for inventories?
The riskiness of publicly traded bond issues is rated by independent agencies. According to Moody's rating system, an Aaa bond and a Caa bond are ________ and ________ respectively
A) speculative; investment grade B) prime quality; medium grade C) prime quality; speculative D) medium grade; lowest grade
Which of the following describes European options?
A. Sold in Europe B. Priced in Euros C. Exercisable only at maturity D. Calls (there are no European puts)