The standard deviation measures

• A.diversifiable risk.
• B.non-diversifiable risk.
• C.total risk.

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Jumbo, Inc. had sales of $8,000 in November, $14,000 in December, and projects sales of $10,000 in
January, $12,000 in February, and $8,000 in March. The firm's COGS in any given month is equal to 70% of the next month's sales. The firm collects its receivables in 60 days and pays its payables in 30 days.
The firm begins January 1 with $10,000 in cash. All sales and purchases are on credit. There are no other costs or revenues. What are Jumbo's total cash disbursements in March? Assume there are 30 days in every month.

• A.$5,600.
• B.$7,100.
• C.$4,200.

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A recent increase in the supply of oranges caused the price to drop from $5 to $2.50 per bushel and quantity demanded to rise from 10,000 bushels to 20,000 bushels. This indicates that the price elasticity of demand for oranges in this price range is

• A.-2
• B.-0.5
• C.-1

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Which of the following is true?

• A.All central bank transactions are excluded from balance of payment accounts.
• B.All cash flows associated with foreign investments belong to the capital account.
• C.Repatriation of domestic currency to a foreign country by foreign nationals living in the country is treated as part of the Current account.

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Consider the following conditions of ending inventory and the stated results:
Ending Cost of Inventory Goods Sold Net Income

• A.Overstated Overstated Overstated
• B.Overstated Understated Understated
• C.Understated Overstated Understated
  Which condition is true with regard to the ending inventory?
• D.Condition A
• E.Condition B
• F.Condition C

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