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  1. Home
  2. CFA Certification
  3. CFA-Level-I Exam
  4. CFA.CFA-Level-I.v2022-03-26.q499 Dumps
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Question 76

You have $10,000 in a savings account paying 5% per year. You wish to make a withdrawal of
$ 709.52 at the end of every year. After all the withdrawals are made, the account will have a zero balance.
How many withdrawals can you make?

Correct Answer: A
By calculator: PMT = $709.52; i = 5%; PV = -$10,000.00; CPT n = 25
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Question 77

Which of the following will increase the aggregate demand?
I). Higher prices in stock market.
II). Higher prices in real estate market.
III). Higher real wealth.

Correct Answer: B
Increase in stock and housing prices increases real wealth of households, and thus increases the aggregate demand.
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Question 78

The clearinghouse is:

Correct Answer: A
The clearinghouse is not an agency of the U.S. government. It is closely tied to the exchange and must cooperate closely with its associated exchange.
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Question 79

Date Quantity Per Unit Total Cost Jan 1, Beginning Inventory 100 $18.00 $ 1,800.00 Mar 4, Purchase
4 00 19.00 7,600.00 May 8, Purchase 800 18.25 14,600.00 Nov 3, Purchase 500 20.40 10,200.00
Merchandise Available 1,800 34,200.00
Five hundred units are unsold. Using the average cost method under a periodic inventory system, how much is the cost assigned to the ending merchandise inventory?

Correct Answer: C
Using the average cost method, the ending inventory would be calculated as: $34,200 /
1 ,800 = $19 per unit cost. 500 X $19 = $9,500.
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Question 80

According to IFRS, when a company sells property and then leases it back, any gain on the sale should usually be:

Correct Answer: A
he gain should be reported at the time of the sale.
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