最新的CFA Institute CFA Level I Chartered Financial Analyst - CFA-Level-I免費考試真題
Merry Lucnhco Co., Corporation uses the percentage-of-completion method to recognize revenue. In
2 000, Merry Lucnhco Co., agreed to construct a facility at a total contract price of $28.0 million and a total expected cost of $24.0 million. Actual costs and cash inflow information are presented below (in
$ millions):
How much income did Merry Lucnhco Co., earn from the contract for years 1998, 1999, 2000 respectively?
2 000, Merry Lucnhco Co., agreed to construct a facility at a total contract price of $28.0 million and a total expected cost of $24.0 million. Actual costs and cash inflow information are presented below (in
$ millions):
How much income did Merry Lucnhco Co., earn from the contract for years 1998, 1999, 2000 respectively?
正確答案: A
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For the hypothesis test shown below, the decision should be ______.
正確答案: A
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A firm had an asset with a carrying value of $600,000. The estimated future undiscounted cash flows from the use of the asset have decreased to $300,000. Under U.S. GAAP, the firm should:
I). write down the asset
II). recognize an impairment loss
III). determine the fair value of the asset, if possible
I). write down the asset
II). recognize an impairment loss
III). determine the fair value of the asset, if possible
正確答案: A
說明：（僅 Fast2test 成員可見）
Which of the following will be true for a competitive firm in long-run equilibrium?
I). P = MC
II). ATC = MC
III). P = ATC
I). P = MC
II). ATC = MC
III). P = ATC
正確答案: A
說明：（僅 Fast2test 成員可見）
Given the following information:
Yield on 10-year government bond in Argentina: 9.5%.
*
Yield on 10-year US Treasury bond: 5.5%.
*
The annualized o of Argentina national stock index: 40%.
*
The annualized o of US bond index: 10%.
*
The equity risk premium for a project in the US: 10%.
*
The equity risk premium for a similar project in Argentina is:
Yield on 10-year government bond in Argentina: 9.5%.
*
Yield on 10-year US Treasury bond: 5.5%.
*
The annualized o of Argentina national stock index: 40%.
*
The annualized o of US bond index: 10%.
*
The equity risk premium for a project in the US: 10%.
*
The equity risk premium for a similar project in Argentina is:
正確答案: B
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Which of the following is an example of price discrimination?
正確答案: B
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Is it possible that a project has a payback period of one year, a negative NPV and a positive IRR?
正確答案: A
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If a security market index has a price return of 10% and income return of 2% for period 1, and a price return of 15% and income return of 3% for period 2, its total return for the 2 periods should be:
正確答案: B
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Which of the following statements about unweighted indexes is incorrect?
正確答案: A
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A coefficient of skewness of +2.48 indicates:
I). the mean is larger than the median
II). a large positive skewness
III). the tail of the distribution is to the right
I). the mean is larger than the median
II). a large positive skewness
III). the tail of the distribution is to the right
正確答案: A
說明：（僅 Fast2test 成員可見）
Which of the following is not a measure of liquidity?
正確答案: C
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Which of the following is the best example of frictional unemployment?
正確答案: B
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Which of the following characteristics is not representative of an industry that's in the maturity stage of its life cycle?
正確答案: A
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A securities analyst is preparing a list of questions to ask when paying a personal visit to a company whose stock is publicly traded. Which of the following should not be on the list?
I). Does the company plan new financing, and if so, what kind?
II). What do you expect earnings per share to be for the full year?
III). Are new acquisitions being considered?
IV). What has been the firm's ratio of debt to equity over the past three years?
I). Does the company plan new financing, and if so, what kind?
II). What do you expect earnings per share to be for the full year?
III). Are new acquisitions being considered?
IV). What has been the firm's ratio of debt to equity over the past three years?
正確答案: A
In a common-size statement, the balance sheet is expressed as a percentage of ____________ while the income statement is expressed as a percentage of ____________.
正確答案: A