CFA-Level-I Exam Question 36

Which of the following is most likely incorrect?
  • CFA-Level-I Exam Question 37

    The key difference between an SMA and a mutual fund is that:
  • CFA-Level-I Exam Question 38

    What is the minimum number of years required for $1,000 invested at 7 % per annum to exceed
    $ 1,200 invested at 6 % per annum?
  • CFA-Level-I Exam Question 39

    Which of the following statement(s) is/are true?
    I). Should an error that understates the ending merchandise inventory not be discovered, the Retained
    Earnings account will be overstated at the end of the subsequent year.
    II). The gross profit is 45% of net sales. The cost of goods sold then must be 55% of the net sales.
    III). If the cost of goods sold increases by 1% of sales during the period, the gross profit and net income will decrease by 1% of sales because of this increase.
    IV). The average inventory totals $20,000 and the cost of goods sold totals $200,000. The inventory turnover rate is 15.0.
  • CFA-Level-I Exam Question 40

    Anti-dilutive securities should: