CFA-Level-I Exam Question 171

Which of the following measures of dispersion are based on deviations from the mean?
I). Mean absolute deviation
II). Standard deviation
III). Variance
  • CFA-Level-I Exam Question 172

    The variance or standard deviation is a measure of:
  • CFA-Level-I Exam Question 173

    According to the FASB, which of the following measures do financial statement users find most useful in predicting future cash flows?
  • CFA-Level-I Exam Question 174

    On January 1, 2003, Mill Corporation leased a machine to Ott Corporation for a 5-year term at an annual rental of $50,000. The lease is an operating lease. At the inception of the lease, Mill received
    $ 100,000, covering the first year's rent of $50,000 and a security deposit of $50,000. This deposit will not be returned to Ott upon expiration of the lease but will instead be applied to payment of rent for the last year of the lease. Mill properly reported rental revenue of $100,000 in its 2003 income tax return. Mill's tax rate was 30%. In Mill's December 31, 2003, balance sheet, what portion of the $100,000 should be reported as a liability?
  • CFA-Level-I Exam Question 175

    What is the yield to first par call of a 20-year, 8.5% bond with a market price of $104.95, if the first par call date is in 15 years?