최신CPA Finance - FIN무료샘플문제
문제1
An analysis of the financial statements of a business reveals the following financial ratios:
1.A higher than average inventory holding period
2.A higher than average payment period for trade payables
3.A lower than average current ratio
4.A lower than average sales to working capital ratio
Which TWO of the above is consistent with a business being over-capitalized?
An analysis of the financial statements of a business reveals the following financial ratios:
1.A higher than average inventory holding period
2.A higher than average payment period for trade payables
3.A lower than average current ratio
4.A lower than average sales to working capital ratio
Which TWO of the above is consistent with a business being over-capitalized?
정답: B
문제2
Aurora plc is considering an investment in a new process. The new process will require an increase in stocks of $30,000 during the first year. There will also be an increase in debtors outstanding of $40,000 and an increase of creditors outstanding of $35,000 during the first year. The new process will use machinery that was purchased immediately before the first year of operations at a cost of $300,000. The machinery is depreciated using the straight-line method and has an estimated life of five years and no residual value. During the first year, the net operating profit before depreciation from the new process is expected to be $180,000. The business uses the net present value method when evaluating investment proposals.
When undertaking the net present value calculations, what would be the estimated net cash flow during the first year of the project? (Ignore taxation)
Aurora plc is considering an investment in a new process. The new process will require an increase in stocks of $30,000 during the first year. There will also be an increase in debtors outstanding of $40,000 and an increase of creditors outstanding of $35,000 during the first year. The new process will use machinery that was purchased immediately before the first year of operations at a cost of $300,000. The machinery is depreciated using the straight-line method and has an estimated life of five years and no residual value. During the first year, the net operating profit before depreciation from the new process is expected to be $180,000. The business uses the net present value method when evaluating investment proposals.
When undertaking the net present value calculations, what would be the estimated net cash flow during the first year of the project? (Ignore taxation)
정답: B
문제3
Consider the following two statements concerning convertible loan notes:
1.A business will aim to issue convertible loan notes with the lowest possible conversion premium.
2.Convertible loan notes normally have a higher coupon rate of interest than non-convertible loan notes.
Which ONE of the following combinations (true/false) is correct?
Consider the following two statements concerning convertible loan notes:
1.A business will aim to issue convertible loan notes with the lowest possible conversion premium.
2.Convertible loan notes normally have a higher coupon rate of interest than non-convertible loan notes.
Which ONE of the following combinations (true/false) is correct?
정답: C
문제4
A large multinational business wishes to manage its currency risk. It has been suggested that
1.Matching receipts and payments can be used to manage translation risk.
2.Matching assets and liabilities can be used to manage economic risk.
Which ONE of the following combinations (true/false) concerning the above statements is correct?
A large multinational business wishes to manage its currency risk. It has been suggested that
1.Matching receipts and payments can be used to manage translation risk.
2.Matching assets and liabilities can be used to manage economic risk.
Which ONE of the following combinations (true/false) concerning the above statements is correct?
정답: D
문제5
Strategy is a course of action to achieve an objective. Corporate objectives are relevant for theorganizationas a whole, relating to key factors for business success. However, objectives can be in the form of financial objectives and non-financial objectives.
Which of the following is a financial objective of anorganization?
Strategy is a course of action to achieve an objective. Corporate objectives are relevant for theorganizationas a whole, relating to key factors for business success. However, objectives can be in the form of financial objectives and non-financial objectives.
Which of the following is a financial objective of anorganization?
정답: A
문제6
Ulmus Co, a company listed on a major stock exchange, received a confidential letter from a rival company on 30 April 2009 offering to buy all the shares in Ulmus Co at a premium of 25% on their current market value. At a private meeting, convened on the same day, the directors of Ulmus Co agreed to accept the offer and made a public announcement of this decision on 2 May 2009.
Which ONE of the following combinations of possible share price reactions (increase/no effect) would you expect on 2 May 2009 under the semi-strong and strong forms of market efficiency?
Ulmus Co, a company listed on a major stock exchange, received a confidential letter from a rival company on 30 April 2009 offering to buy all the shares in Ulmus Co at a premium of 25% on their current market value. At a private meeting, convened on the same day, the directors of Ulmus Co agreed to accept the offer and made a public announcement of this decision on 2 May 2009.
Which ONE of the following combinations of possible share price reactions (increase/no effect) would you expect on 2 May 2009 under the semi-strong and strong forms of market efficiency?
정답: D
문제7
Which of the following best describes the Stock Exchange?
Which of the following best describes the Stock Exchange?
정답: B
문제8
Com Ltd has multiple operations around the world. Com Ltd consider following hedging methods in its operation:
1.International diversification of operations
2.Matching assets and liabilities
3.Leading and lagging
4.Money market hedge
Which TWO of the hedging methods are suitable forminimizingeconomic exposure of Com Ltd?
Com Ltd has multiple operations around the world. Com Ltd consider following hedging methods in its operation:
1.International diversification of operations
2.Matching assets and liabilities
3.Leading and lagging
4.Money market hedge
Which TWO of the hedging methods are suitable forminimizingeconomic exposure of Com Ltd?
정답: D