Ahuman resource company performs employment screening for large companies in southern california. recently, the company began working with a new client and formulated a new test just for this company. thirty people were given the test. the data below reflect the scores of those 30 people. the human resource company has in the past issued a rejection letter with no interview to the lower 16% taking the test. they also send the upper 2.5% directly to the company without an interview. everyone else is interviewed. based on the data and assuming a bell-shaped distribution, what scores should be used for the two cutoffs? 73 75 74 59 64 78 69 94 60 64 74 71 84 62 66 97 75 57 67 85 61 76 67 65 56 78 89 79 78 67

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u.s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u.s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u.s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u.s. gaap balances to ifrs.

Acoase solution to a problem of externality ensures that a socially efficient outcome is to

Stock a has a beta of 1.2 and a standard deviation of 20%. stock b has a beta of 0.8 and a standard deviation of 25%. portfolio p has $200,000 consisting of $100,000 invested in stock a and $100,000 in stock b. which of the following statements is correct? (assume that the stocks are in equilibrium.) (a) stock b has a higher required rate of return than stock a. (b) portfolio p has a standard deviation of 22.5%. (c) portfolio p has a beta equal to 1.0. (d) more information is needed to determine the portfolio's beta. (e) stock a's returns are less highly correlated with the returns on most other stocks than are b's returns.