Which of the following can be a counterparty in a derivative transaction?
a. investment bank
b. commercial bank
c. major supplier
d. all of the above
e. none of the above
D
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The cost method of accounting for stock
a. recognizes dividends as income b. is only appropriate as part of a consolidation c. requires the investment be increased by the reported net income of the investee d. requires the investment be decreased by the reported net income of the investee
If a bank pays a 6% APR, with monthly compounding, on deposits, what effective annual rate does the bank pay?
a. 6.17% b. 6.71% c. 5.10% d. 6.59% e. 5.91%
Mccaskell Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and sells 9,000 units, its average costs per unit are as follows: Average Cost per UnitDirect materials$6.30Direct labor$3.65Variable manufacturing overhead$1.75Fixed manufacturing overhead$9.90Fixed selling expense$2.25Fixed administrative expense$1.80Sales commissions$1.00Variable administrative expense$0.50 If 8,000 units are produced, the total amount of direct manufacturing cost incurred is closest to:
A. $79,600 B. $172,800 C. $93,600 D. $87,600
According to MSN money, the stock of Orange Corporation has a beta of 1.5, but according to Yahoo Finance it is 1.75. The expected rate of return on the market is 12% and the risk free rate is 2%
What is the difference between the required rates of return calculated using each of these betas? A) 1.50% B) 1.75% C) 2.0% D) 2.5%