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NEW QUESTION: 1
According to the AIMR-Performance Presentation Standards, ________ must be used when calculating investment performance.
A. asset-weighted return
B. benchmark
C. aggregate return
D. total return
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Total return, including realized and unrealized gains plus income, must be used when calculating investment performance. Portfolios must not be switched from one composite to another unlessdocumented changes in client guidelines make switching appropriate. This is a requirement for calculation of returns.
NEW QUESTION: 2
Refer to the Exhibit.
AM Ltd. makes and sells a single product for which the standard cost information is as follows:
* Budgeted production for the period is 30000 units.
* The actual results for the period were as follows:
What is the variable overhead expenditure variance?
A. 13,600 adverse
B. 13,161 favourable
C. 13,161 adverse
D. 13,600 favourable
Answer: D
NEW QUESTION: 3
A user reports that after configuring the BIOS to boot to the hard drive first, the system still tries to boot from the optical drive. Which of the following is the MOST likely cause?
A. Optical drive
B. Power supply
C. CD-ROM disk
D. CMOS battery
Answer: D