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Series 86 e questions with complete solutions 2024 questions and answers verified 2024
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Series 86 e questions with complete solutions 2024 questions and answers verified 2024
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Series 86 ExamM1 - correct answer ✔Currency in circulation + demand deposits + other
checkable deposits
M2 - correct answer ✔M1 + money market deposit accounts (MMDAs) +
savings and relatively small time deposits + balances at money funds +
overnight repurchase agreements at banks
M3 - correct answer ✔M2 + large time deposits + term repurchase
agreements at banks and savings and loans + Eurodollars (no longer
published by the FRB)
MACRS - correct answer ✔Modified Accelerated Cost Recovery System
GAAP - correct answer ✔Generally Accepted Accounting Principles
PBO - correct answer ✔Pension Benefit Obligations
Asset Turnover - correct answer ✔Sales/Average Assets
Receivables Turnover - correct answer ✔Sales/Average Receivables
Payables Turnover - correct answer ✔Cost of Goods Sold/Average Payable
Inventory Turnover - correct answer ✔Cost of Goods Sold/Average Inventory
, Current Ratio - correct answer ✔Current Assets/Current Liabilities
Working Capital Per Dollar of Sales - correct answer ✔Net Working
Capital/Sales
Quick (Acid-Test) Ratio - correct answer ✔(Cash + Cash Equivalents +
Account Receivables)/Current Liabilities OR (Current Assets - Inventory -
OTHER CURRENT ASSETS)/Current Liabilities
Basic EPS - correct answer ✔Earnings Available to the Common
Shareholders (Net Income - Preferred Dividends)/Weighted Average number
of Shares of Common Stock Outstanding
Diluted EPS - correct answer ✔Earnings Available to the Common
Shareholders (Net Income + Adjustments for CSE and OPDS)/(Weighted
Average Number of Shares of Common Stock + Weighted Average CSEs and
OPDS)
Equity Turnover - correct answer ✔Sales/Average Equity
Earnings Before Interest and Taxes Margin - correct answer ✔EBIT/Sales
Earnings Before Interest, Taxes, Depreciation, and Amortization Margin -
correct answer ✔EBITDA/Sales
Gross Profit margin - correct answer ✔Gross Profit/Sales
Net Profit Margin - correct answer ✔Net Income/Sales
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