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3 years ago

8

If a market is semistrong-form efficient, this implies that above-average returns cannot be achieved by analyzing publicly avail

able data because such information is already reflected in stock prices.
A. True
B. False

1 answer:

Shkiper50 [21]3 years ago

6 0

Answer:True

Explanation:

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At the beginning of Year 1, the company's inventory level was stated correctly. At the end of Year 1, inventory was overstated b

Furkat [3]

Answer:

$5,000 ; $2,550

Explanation:

The computation is shown below:

For net income in year 1

= Reported net income + overstated inventory amount

= $3,000 + $2,000

= $5,000

For net income in year 2

= Reported net income - understated inventory amount

= $3,000 - $450

= $2,550

Therefore, the net income in Year 1 and in Year 2 is $5,000 and $2,550 respectively.

5 0

3 years ago

In 2007, Terry Inc. provided the following items in their footnotes. Their cost of goods sold was $22 billion under FIFO costing

nikdorinn [45]

Answer:

$22.2 billion

Explanation:

Calculation to determine How much would they report as LIFO cost of goods sold

Cost of goods sold=$22 billion + ($0.8 billion $0.6 billion)

Cost of goods sold=$22 billion + $0.2 billion

Cost of goods sold= $22.2 billion

Therefore How much would they report as LIFO cost of goods sold would be $22.2 billion

7 0

3 years ago

The most likely promotion objective among companies in the Top 20 of sports spending is to inform and educate because they are i

Dimas [21]

Answer:

The correct answer to the following question is option D) maturity maximize outlets .

Explanation:

In the maturity stage of the product life cycle, there will be a decrease in the sales growth rate but ,not before the sales has reached its peak, because now the product is world renowned , most of the people have accepted the product and the ones who would have wanted to buy the product have bought it and in this stage competition would be high. Here a company would intensify its distribution and promotional activities .

7 0

3 years ago

Ferris Corporation makes a powdered rug shampoo in two sequential departments, Compounding and Drying. Materials are added at th

masha68 [24]

Answer:

Materials = 44,000

Conversion = 40,800

Explanation:

<em>Step 1 Determine the Number of Closing Work In Process Units</em>

Closing Work In Process Units = Opening Work In Process Units + Units started in process - Units transferred out

= 6,000 + 38,000 - 36,000

= 8,000

<em>Step 2 Determine the equivalent units for March 2019</em>

<u>Materials :</u>

<em>Note : Materials are added at the be-ginning of the process, therefore Units Transferred Out and Closing Work In Process are 100% complete in terms of materials</em>

Closing Work In Process Units - 100% = 8,000

Units transferred out - 100% = 36,000

Total equivalent units = 44,000

<u>Conversion :</u>

<em>Note : Ending work-in-process was 60% processed, therefore 60% completed in terms of conversion costs</em>

Closing Work In Process Units - 60% = 4,800

Units transferred out - 100% = 36,000

Total equivalent units = 40,800

7 0

3 years ago

Lee is considering buying one of two newly-issued bonds. Bond A is a twenty-year, 7.5% coupon bond that is non-callable. Bond B

vova2212 [387]

Answer:

Multiple choices below are missing:

A) purchase Bond A

B) purchase Bond B

C) purchase neither A nor B at this time

D) negotiate a higher rate on Bond A

The correct option is A,purchase bond A.

Explanation:

By purchasing Bond A,Lee is assured interest payment of 7.5% for a period of twenty years,hence the issuer cannot call the bond if interest rate drops by 2% in order to issue a lower interest-bearing bond which would be cheaper cost-wise.

However, if Lee purchases Bond B with current coupon of 8.25%,the interest is only guaranteed for a period of two years,since the issuer has the prerogative of calling back the bond after two years should interest fall in order to issue another bond that commands lower interest rate.

6 0

3 years ago