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CFI CBCA CORE COURSE ASSESSMENTS & QUIZZES AND ANSWERS WITH SOLUTIONS 2024
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CFI CBCA CORE COURSE ASSESSMENTS & QUIZZES AND ANSWERS WITH SOLUTIONS 2024
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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
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