CFA (CFA)

CFA Level 1 FRA question with complete solution 2023Current Ratio - correct answer Current Assets divided by current liabilities Quick Ratio - correct answer Cash plus marketable securities plus receivables divided by current liabilities Cash Ratio - correct answer Cash plus marketable securities divided by current liabilities Defensive Interval Ratio - correct answer Cash plus marketable securities plus receivables divided by average daily expenditures Cash Conversion cycle - correc...

CFA Level 1 - 101 Must Knows question with 100% correct answers 2023Addition Rule of Probability - correct answer ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - correct answer Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - correct answer Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

CFA Exam 37 Questions with Answers 2023 Which symptoms should be reported to a manager? - CORRECT ANSWER Vomiting, diarrhea, jaundice, sore throat with fever, and all covid-19 sumptoms What are the Big Five illnesses that should be reported to a manager? - CORRECT ANSWER Hepatitis A, norovirus, Salmonella, Shigella, E. Coli Causes of food borne illness - CORRECT ANSWER Consuming contaminated food or beverage Temperature for holding hot food - CORRECT ANSWER State standard: 135 CFA...

Private value auctions - Answer- Value is subjective and different to each bidder Private value auctions - Answer- Value is subjective and different to each bidder Ascending price (English) auction - Answer- Bidders can bid amounts greater than the previous bid, and the bidder that first offers the highest bid wins the item and pays the amount Ascending price (English) auction - Answer- Bidders can bid amounts greater than the previous bid, and the bidder that first offers the highest b...

Current Ratio - Answer- Current Assets divided by current liabilities Quick Ratio - Answer- Cash plus marketable securities plus receivables divided by current liabilities Cash Ratio - Answer- Cash plus marketable securities divided by current liabilities Defensive Interval Ratio - Answer- Cash plus marketable securities plus receivables divided by average daily expenditures Cash Conversion cycle - Answer- days in inventory plus days in accounts receivables minus days in accounts pay...

Businesses earn profits by converting financial, physical, and labor resources into goods and services that satisfy consumer demands. This statement is - Answer- true Resource owners want to provide resources to businesses with high profit potential because those businesses will pay higher taxes. This statement is - Answer- false Accounting provides a service to society by gathering and reporting information about a company's profit potential. This statement is - Answer- true Generally...

Equity equals: - Answer- Assets - Liabilities = Equity (4)Shareholders' equity reported on the balance sheet is most likely to differ from the market value of shareholders' equity because: - Answer- B)Some factors that affect the generation of future cash flows are excluded. (8)All of the following are current assets except: - Answer- B)goodwill. (9)The most likely costs included in both the cost of inventory and property, plant, and equipment are: - Answer- C) delivery costs. (10)...

CFA Exam 27 Questions with Answers 2023 Our Mission Statement - CORRECT ANSWER We are REMARKable people. Creating REMARKable experiences Showing, REMARKable care Our six Core Values - CORRECT ANSWER Customers First, Continuous Improvement, Contagious Optimism, Culture of Encouragement, Character, Competence, & Chemistry, Culturally Intelligent H.E.A.R.D. Model - CORRECT ANSWER Hear Empathize Apologize Resolve Delight ACT Model - CORRECT ANSWER Acknowledge the situation, Remain ...

CFA Exam 108 Questions with Answers 2023 Equity equals: - CORRECT ANSWER Assets - Liabilities = Equity (4)Shareholders' equity reported on the balance sheet is most likely to differ from the market value of shareholders' equity because: - CORRECT ANSWER B)Some factors that affect the generation of future cash flows are excluded. (8)All of the following are current assets except: - CORRECT ANSWER B)goodwill. (9)The most likely costs included in both the cost of inventory and prope...

Allen Jabber invested $400 at the beginning of the last 12 months in the shares of a mutual fund that paid no dividends. Which Method will he correctly choose to calculate his average price per share from the monthly share prices? a) Arithmetic Mean b) Harmonic Mean c) Geometric Mean - Answer- Harmonic Mean - The harmonic mean of the 12 purchase prices will be his average price paid per share. Colonia has 2 political parties, the Wigs and the Wags. If the Wags are elected there is a 32% ...