Answer the following question about emh: a. a successful firm like microsoft has consistently generated large profits for years. is this a violation of the emh? b."if all securities are fairly priced, all must offer equal expected rates of return." comment. c.steady growth industries has never missed a dividend payment in its 94-year history. does this make it more attractive to you as a possible purchase for your stock portfolio? d. at a cocktail party, your co-worker tells you that he has beaten the market for each of the last 3 years. suppose you believe him. does this shake your belief in efficient markets? e."highly variable stock prices suggest that the market does not know how to price stocks."comment. f.if prices are as likely to increase as decrease, why do investors earn positive returns from the market on average?

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.

Presented below is information for annie company for the month of march 2018. cost of goods sold $245,000 rent expense $ 36,000 freight-out 7,000 sales discounts 8,000 insurance expense 5,000 sales returns and allowances 11,000 salaries and wages expense 63,000 sales revenue 410,000 instructions prepare the income statement.

Gulliver travel agencies thinks interest rates in europe are low. the firm borrows euros at 5 percent for one year. during this time period the dollar falls 11 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 11 percent fall in the value of the dollar as well as the interest payment.)