A typical investor is assumed to be a gambler.

Quartile Co is in the jewellery retail business which can be assumed to be highly seasonal. For the year ended 30 September 20X5, Quartile Co assessed its operating performance by comparing selected accounting ratios with those of its business sector average as provided by an agency. Assume that the business sector used by the agency is a meaningful representation of Quartile Co’s business.

Which of the following circumstances may invalidate the comparison of Quartile Co’s ratios with those of the sector average?

(1)In the current year, Quartile Co has experienced significant rising costs for its purchases

(2)The sector average figures are compiled from companies whose year ends are between 1 July 20X5 and 30 September 20X5

(3)Quartile Co does not revalue its properties, but is aware that other entities in this sector do

(4)During the year, Quartile Co discovered an error relating to the inventory count at 30 September 20X4. This error was correctly accounted for in the financial statements for the current year ended 30 September 20X5

A、(1)and (3)

B、(2)and (4)

C、(2)and (3)

D、(1)and (4)

A、

B、

C、

A、say

B、suggest

C、state

D、claim

A point chargeis placed at the center of a hollow, conducting spherical shell of inner radiusand outer radius, as shown above. A net chargeis placed on the conducting shell. If the electric potential is assumed to be 0 at infinity, the magnitude of the electric potential at, whereis

A、0

B、

C、

D、

A、Dividends are assumed to grow at a constant rate forever.

B、The dividend growth rate is assumed to be greater than the required return on equity.

C、Both (a) and (b).

D、Neither (a) nor (b).

A、sweet

B、enthusiastic

C、open minded

D、serious

Nowhere in your education are you trained to be a manager or administrator.