Exam (elaborations)
CFI CBCA CORE COURSE ASSESSMENTS & QUIZZES AND ANSWERS WITH SOLUTIONS 2024
- Course
- Institution
CFI CBCA CORE COURSE ASSESSMENTS & QUIZZES AND ANSWERS WITH SOLUTIONS 2024
[Show more]
Content preview
CFI CBCA CORE COURSEASSESSMENTS & QUIZZES AND
ANSWERS WITH SOLUTIONS 2024
WhatOisOtheOmainOgoalOofOusingObusinessOwritingOfundamentals?O-OANSWEROToOreduceOmentalOeffort
WhichOofOtheOfollowingOstatementsOdescribesOaO"Capacity"OstrengthOorOweaknessOforOaOcompanyOinOtheO
5OCsOofOcreditOframework?O-OANSWEROTheOnetOprofitOmarginOratioOisOhigh.
WhichOofOtheOfollowingOstatementsOdescribesOaO"Condition"OstrengthOorOweaknessOforOaOcompanyOinOthe
O5OCsOofOcreditOframework?O-OANSWEROTheOrisksOassociatedOwithOtheOindustryOareOhigh.
WhichOofOtheOfollowingOscenariosOwouldONOTObeOconsideredOaOstrengthOwhenOassessingOtheOmanageme
ntOteamOasOpartOofOevaluatingOaOcompany'sOcharacter?O-
OANSWEROFinancialOreportsOareOnotOwidelyOsharedOandOperformanceOmeasuresOhaveOnotObeenOidentified
.
WhichOofOtheOfollowingOratiosOmostOlikelyOindicatesOstrongO"Capacity"OforOaOcompany?O-
OANSWEROHighOassetOturnoverOratio
SelectOtheOcorrectOformulaOtoOcalculateOtheOoperatingOmarginOratio.O-
OANSWEROOperatingOMarginORatioO=OEBITO/ORevenue
SelectOtheOcorrectOformulaOtoOcalculateOtheOinventoryOturnoverOratio.O-
OANSWEROInventoryOTurnoverORatioO=OCostOofOGoodsOSoldO/OAverageOInventory
WhichOofOtheOfollowingOmostOlikelyOindicatesOstrongO"Capital"OforOaOcompany?O-
OANSWEROUnutilizedOlinesOofOcreditOorOloans
WhichOofOtheOfollowingOstatementsOonOcollateralOisONOTOcorrect?O-
OANSWEROCollateralOcanObeOusedOasOtheOmainOdeterminantOofOaOcreditOdecision.
,WhichOofOtheOfollowingOtoolsOorOmethodsOisOusedOtoOassessOtheOgeneralObusinessOenvironment?O-
OANSWEROPESTOanalysis
SelectOtheOloanOcontractOwithOtheOlowestOrisk.O-
OANSWEROAOdemandOloanOwithOmonthlyOpaymentsOsecuredObyOassets
WhichOisOnotOoneOofOtheOthreeOmainOfinancialOstatements?O-OANSWEROStatementOofOequity
WhatOdoesOtheObalanceOsheetOindicate?O-OANSWEROTheOfinancialOstrengthOofOtheObusiness
FinancingOactivitiesO-OANSWEROIssuingOsharesOandObonds
OperatingOactivitiesO-OANSWEROPaymentsOtoOsuppliers;ODepreciationOandOamortizationOexpense
InvestingOactivitiesO-OANSWEROBuyingOandOsellingOequipment
WhichOisOnotOaOsectionOinOtheOfinancialOstatementOnoteOdisclosures?O-
OANSWEROManagementOdiscussionOandOanalysis
BalanceOSheetO-OANSWERORetainedOearnings;OShareOcaptial
IncomeOStatementO-OANSWERORentOexpense
CashOFlowOStatementO-OANSWEROSaleOofOproperty,OplantOandOequipment
IfOaOcompanyOhasOnetOassetsOequalOtoO$3.25OmillionObutOisOsoldOforO$5.35Omillion,OhowOmuchOgoodwillOdo
esOtheOacquirerOrecordOonOtheirObalanceOsheet?O-OANSWERO$2.1Omillion
IntangibleOassetsO-
OANSWEROItemsOofOvalue,OwhichOhaveOnoOphysicalOsubstance,OthatOareOusedOtoOgenerateOrevenues
, AuthorizedOsharesO-OANSWEROTheOtotalOnumberOofOsharesOaOcompanyOcanOsell
ContingenciesO-OANSWEROEventsOthatOmayOorOmayOnotOhappen,OdependingOonOcertainOcircumstances
CommitmentsO-OANSWEROFutureOobligationsOthatOaOcompanyOhasOagreedOto
IfOaOcompanyOissuesO60,000OsharesOatO$0.25OeachObutOtheOsharesOhaveOaOparOvalueOofO$0.20Oeach,OwhatOi
sOtheOresultingOcontributedOsurplus?O-OANSWERO$3,000
WhatOlineOitemOisOnotOfoundOinOtheOstatementOofOshareholders'Oequity?O-
OANSWERODebtOissuedOorOrepurchased
WhatOisOnotOtrueOaboutOaOpartnership?O-OANSWEROPartnersOcannotObeOheldOliableOforOaOdebt
WhichOlineOitemOusuallyOaccountsOforOdirectOlabor?O-OANSWEROCostOofOgoodsOsold
SelectOtheOstatementsObelowOwhichOareOtrue.OSelectOallOthatOapply.O-
OANSWERODepreciationOandOamortizationOareOnon-
cashOexpenses;OAOcompanyOcanObeOprofitableObutOexperienceOnegativeOcashOflows
WhatOareOtheO4OtypesOofOauditOopinions?O-
OANSWEROAdverse,Ounqualified,Oqualified,OandOdisclaimerOofOopinion
WhichOofOtheOfollowingOstatementsOregardingOaOreviewOengagementOisOfalse?O-
OANSWEROAOreviewOengagementOisOusedOforOfinancialOstatementsOpreparedOforOinternalOuse
SelectOtheOfollowingOkeyOlendingOratiosOusedOtoOevaluateOtheOfinancialOcapacityOofOaObusinessO(selectOallOt
hatOapply).O-OANSWERODebtOtoOequityOratio;OWorkingOcapitalOratio
WhichOofOtheOfollowingOtoolsOisONOTOusedOtoOanalyzeOaOcompany?O-OANSWEROPorter'sOfiveOforces
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Performance. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now