Which of the following is not one of the GAAP classifications for derivatives?  

Carl IndustriesCarl Industries has condensed balance sheets as shown: Year 2 Year 1 Year 0 Assets: Current assets 65,000 $46,500 $80,000 Plant & equipment, net 600,000 420,000 410,000 Intangible assets, net 15,000 36,500 50,000 Total assets 680,000 $503,000 540,000 Liabilities & Stockholders’ Equity: Current liabilities $70,000 $25,000 $33,500 Long-term liabilities 420,000 290,000 400,000 Stockholders’ equity 190,000 188,000 106,500 Total liabilities & equity $680,000 $503,000 540,000 Refer to the information for Carl Industries. In a common size balance sheet for Year 0, total liabilities and equity are expressed as:  

Current assets are defined as:  

All of the following are firms that may experience a long lag between the expenditures of cash and the receipt of cash from customers, except:  

If a portfolio manager had to estimate the fair value of investments in timber, which of the following would he/she most likely identify as the level of inputs to determine this?  

All of the following are reasons that pharmaceutical companies have higher barriers for entry than grocery stores except:  

Which of the following might an analyst not want to eliminate from past earnings when using past earnings to forecast future earnings?  

As products move through the maturity phase, companies invest to ___________ productive capacity.  

The profit margin for ROA indicates the ability of a firm to generate earnings for a particular level of:  

When a firm attempting to create unique products or services for particular market niches, in order to achieve relatively high profit margins, this is best known as: