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Wall Street Prep Financial Modeling Exam Questions and Answers 100% Correct |
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Wall Street Prep Financial Modeling Exam Questions and Answers 100% Correct |
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Wall Street Prep Questions and Answers 100% Correct | 2023 -2024 Assets - Answer resources a company uses to operate its business includes cash, A/R, PP&E Liabilities - Answer represents the company's contractual obligations and includes A/P , debt, accrued expenses Shareholder's equity - Answer is the residual the value of the business available to the owners (shareholders) after debts have been paid off Income statement - Answer illustrates the profitability of the company over a specified period of time broad sense: shows revenue -expenses Balance sheet - Answer snapshot of the company economic resources and funding for those resources at a given point in time (A = L + SE) Revenue - Answer "top -line" represents the sale of goods and services it is recorded when earned (even though cash might not have been received at the time of transaction) Expenses - Answer netted against revenue to arrive at net income COGS (directly associate with good production), SG&A (indirectly associated with production), interest expense (expense related to paying debt holders periodic payments), taxes, depreciation expense (non -cash expense accounting for the use of PP&E, often i mbedded within COGS and SG&A) Net income - Answer "bottom -line" revenue -expenses the profitability available to common shareholder's after debt payments have been made (interest expense) EPS (earnings per share) - Answer portion of a company's profit allocated to each outstanding share of common stock EPS = (net income - dividends on preferred stock)/weighted average shares outstandingThe benefits of buying summaries with Stuvia:
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