[Dec-2022] CFA-Level-I Exam Dumps – Free Demo & 365 Day Updates [Q1314-Q1336]

Q1314. Item A is recognized for financial reporting but not allowed by tax legislation. Item B is recognized for tax reporting but not for financial reporting. A ______ will result from item A and a ______ will result from item B

Q1315. Gross Sales total $505,000 and Sales Returns & Allowances total $15,000. Average accounts receivable for the period are $42,000. What is the accounts receivable turnover rate?

Q1316. A portfolio with 10 stocks has a weighted average return of 5.5% and a variance of 25. What is the
8 5% confidence interval for the weighted average?

Q1317. Beta is the slope of the:

Q1318. Assume that Company B is the only producer of breakfast cereal. If at the current level of production, the marginal revenue for a box of cereal is $2.50 while the marginal cost is $2.00, we would expect
Company B to

Q1319. Within the Keynesian model, when planned aggregate demand equals total output,

Q1320. An estimator whose limit (as the sample size approaches infinity) is the parameter it is intended to estimate is called:

Q1321. To estimate the average length of their employee’s telephone calls, FoneJack, Inc. randomly sampled
1 5 employee phone calls. If the sample mean was 1.3 minutes and the sample standard deviation of 0.3 minutes (s is unknown) then a 90% confidence interval for the phone calls is ______.

Q1322. 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

Q1323. An asset that is plotted above the security market line (SML) is

Q1324. Which of the following are underlying assumptions of technical analysis?
I). Past performance has no influence on future performance or market values.
II). Security prices adjust rapidly to stock market information.
III). Security prices move in trends, which persist for appreciable lengths of time.
IV). The market value of any good or service is determined solely by the interaction of supply and demand for the good or service.

Q1325. As an analyst, you are concerned about whether Arcadian Manufacturing Co. can generate a stream of inflows sufficient to pay interest expense. In the last three quarters, Arcadian’s operating cash flows have been decreasing, but its operating profits have been increasing. Which one of the following ratios is the best one to use in this situation?

Q1326. Young Company does not currently pay any dividends. An analyst forecasts that Young Company will pay its first dividend of $0.50 per share at the end of year 5 and that the dividend payout will grow at the rate of 12% per year in perpetuity. If the required rate of return on Young company stock is 13%, the current value of its stock would be closest to:

Q1327. A portfolio earned the following rates of return over a period of twelve months.

What is the portfolio’s co-efficient of variation?

Q1328. Which of the following is true?

Q1329. Which of the following would be considered as a nonparametric test?
I). A test to determine if two events are truly independent of each other.
II). A test to determine if the variances of two populations are equal.
III). A test to determine if the means of two populations are equal.
IV). A test dealing with a data set that’s made up of rankings, as opposed to nominal values.

Q1330. Daily travel expenses for H&J Employees have a mean of $250 and a standard deviation of $50. If the accounting department is considered a random sample of size n = 49 then the probability the average daily expense for the accounting department is greater than $260 is ______(to the nearest 0.1%).

Q1331. Industry consolidation usually happens in the _____ stage.

Q1332. Web Company has a cash conversion cycle of 90 days. Its inventory turnover reduces from 6 to 5.
What is the effect on the cash conversion cycle?

Q1333. Enigma Corporation anticipates that it will have a current ratio of less than one at the end of 2001.
What would be the effect on Enigma’s current ratio if it raised funds through a short-term loan on the balance sheet date at the end of the year?

Q1334. A company has undertaken a construction contract for 6,700,000, spread over three years with a projected gross profit of 40%. In the first quarter of the first year, the firm will book the following revenue and cost on the basis of percentage of completion method:

Q1335. A consumer purchases a new house for his own family to live in. The price is $600,000 and it will last for 60 years. Under the expenditure approach:

Q1336. A multivariate distribution