61、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted. All else equal, the net profit margin for a company will be highest if, for new depreciable assets, that company uses: Select exactly 1 answer(s) from the following: A. low salvage value estimates and long average lives. B. high salvage value estimates and long average lives. C. low salvage value estimates and short average lives. D. high salvage value estimates and short average lives.
62、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
An analyst gathered the following information about a company ($ millions):
| 2007 | 2006 | Sales | 283.5 | 234.9 | Year-end inventory (LIFO inventory method) | 81.4 | 53.7 | LIFO reserve | 36.4 | 21.8 | Cost of goods sold (LIFO) | 203.9 | 167.3 |
If the company used the FIFO inventory method instead of LIFO, the company's 2007 gross profit margin would be closest to:
Select exactly 1 answer(s) from the following: A. 22.9%. B. 28.1%. C. 29.8%. D. 33.2%.
63、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
An analyst gathered the following information about a company that uses the LIFO method: LIFO reserve as of 31 December 2006 | $420,000 | LIFO reserve as of 31 December 2007 | $450,000 | Marginal tax rate | 30% |
If the company had used the FIFO method instead of LIFO, the company's 2007 net income would most likely have been:
Select exactly 1 answer(s) from the following: A. $21,000 lower. B. $9,000 lower. C. $9,000 higher. D. $21,000 higher.
64、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted. Greene Corporation uses the LIFO inventory method, but most of the other companies in Greene's industry use FIFO. Which of the following best describes one of the adjustments that would be made to Greene's financial statements to compare that company with other companies in the industry? To adjust Greene's ending inventory to the FIFO method, the amount reported for Greene's ending inventory should be: Select exactly 1 answer(s) from the following: A. increased by the ending balance in Greene's LIFO reserve. B. decreased by the ending balance in Greene's LIFO reserve. C. increased by the change in Greene's LIFO reserve for that period. D. decreased by the change in Greene's LIFO reserve for that period.
65、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
An analyst gathered the following information about a company: Average market price per share of common stock during the year | $40 | Exercise price per share for options on 50,000 common shares | $50 | Exercise price per share for warrants on 20,000 common shares | $30 |
Using the treasury stock method, the number of incremental shares that should be used to compute diluted earnings per share is closest to:
Select exactly 1 answer(s) from the following: A. 5,000. B. 12,500. C. 15,000. D. 17,500.
[此贴子已经被作者于2008-11-6 10:47:17编辑过] | 
发表于 2008-11-6 10:19
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