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CPA Exam - BEC Final Review Questions with Solutions
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CPA Exam - BEC Final Review
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CPA Exam - BEC Final ReviewEBIT / Sales - answer return on sales
NI / EBT - answer tax burden
Sales / Avg AR - answer accounts receivable turnover
Sales / Avg Total Assets - answer asset turnover
COGS / Avg Inventory - answer inventory turnover
CF from operations / CL - answer operating cash flow ratio
inversely - answer demand is ______ related to interest rates, discount rate, reserve
requirement
Inventory conversion period + receivables collection period - payable deferral period -
answer cash conversion cycle
Inventory conversion period + receivables collection period - answer operating cycle
Avg Inventory / Avg Cogs / 365 - answer inventory conversion period
Avg Receivables / Avg Sales / 365 - answer receivables collection period
Avg Payables / Avg Purchases / 365 - answerpayable deferral period
ending inventory / cogs / 365 - answerdays in inventory
payable / cogs / 365 - answerdays of payable outstanding
receivable / sales / 365 - answerdays sales in ar
Prevention - answeremployee training, maintenance, inspection expense
(preproduction), process redesign, product redesign
Appraisal - answerlab. maintenance, product testing, inspection expense
(postproduction), quality inspectors, statistical quality control check
Internal Failure - answerrework, scrap, tooling changes, costs to dispose, downtime
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