CFI FMVA FINAL EXAM Newest 2026 Questions and Answers (Latest 2026 /
2027 Update) (Verified Answers) 100% Correct | Grade A+
Study online at https://quizlet.com/_jmt4w2
1. Where would 'accounts payable' most likely appear on On the balance sheet un-
a set of financial statements? der 'current liabilities'
2. Which is not a type of note found in a set of financial Significant internal con-
statements? trols
3. What is the correct syntax for the =YEARFRAC function? =YEAR-
FRAC(start_date,end_date,[ba-
sis])
4. Which of the following is NOT a form of subordinated Revolver
debt?
5. Which of the following is not a function of public ac- Due dilligence
counting firms?
6. Which ratio would you use to determine the profitabil- Gross Profit Margin
ity of the goods sold by a company?
7. Horizontal analysis allows us to analyze performance Time
over:
8. If a company wanted to finance the purchase of equip- Issuing convertible bonds
ment without diluting shareholders equity, which of
the following operation could it consider?
9. When calculating the quick ratio or "acid test" which Inventory
current asset or liability is omitted?
10. Using the PEST analysis, which of the following should Technological forecasting
a company like Apple Inc. worry about the most? and trends
11.
1/7
, CFI FMVA FINAL EXAM Newest 2026 Questions and Answers (Latest 2026 /
2027 Update) (Verified Answers) 100% Correct | Grade A+
Study online at https://quizlet.com/_jmt4w2
Identify which of the following is NOT a good way for Managers can use bud-
managers to use a budget. gets alone to estimate how
well they perform over a
period of time
12. Which of the following components is not necessary to Direct material purchase
have in every master budget? budget
13. What does variable cost with economies of scale The higher the volume of
mean? output, the less it costs to
produce one extra unit
14. Before protecting a worksheet to avoid people from unlock the input cells
editing the formulas, you must
15. The annual accounts receivable is 3,000; the annual 27.4
sales 40,000, and the gross profit margin is 40%.
The receivable days estimated from the data above is
_____.
16. The PP&E gross book value at the start of the month 46,250
is 60,000, and the CAPEX of the month is 12,000. The
accumulated depreciation at the start of the month is
25,000; the depreciation expense of the month is 750.
The net book value of PP&E calculated from the data
above is _____.
17. Simple interest is important framework to start learn- $1,538.46
ing about Time value of MoneyIf you are going to
receive $2,000 in six years from now, how much is that
worth today, assuming 5% annual simple interest?
18.
2/7
2027 Update) (Verified Answers) 100% Correct | Grade A+
Study online at https://quizlet.com/_jmt4w2
1. Where would 'accounts payable' most likely appear on On the balance sheet un-
a set of financial statements? der 'current liabilities'
2. Which is not a type of note found in a set of financial Significant internal con-
statements? trols
3. What is the correct syntax for the =YEARFRAC function? =YEAR-
FRAC(start_date,end_date,[ba-
sis])
4. Which of the following is NOT a form of subordinated Revolver
debt?
5. Which of the following is not a function of public ac- Due dilligence
counting firms?
6. Which ratio would you use to determine the profitabil- Gross Profit Margin
ity of the goods sold by a company?
7. Horizontal analysis allows us to analyze performance Time
over:
8. If a company wanted to finance the purchase of equip- Issuing convertible bonds
ment without diluting shareholders equity, which of
the following operation could it consider?
9. When calculating the quick ratio or "acid test" which Inventory
current asset or liability is omitted?
10. Using the PEST analysis, which of the following should Technological forecasting
a company like Apple Inc. worry about the most? and trends
11.
1/7
, CFI FMVA FINAL EXAM Newest 2026 Questions and Answers (Latest 2026 /
2027 Update) (Verified Answers) 100% Correct | Grade A+
Study online at https://quizlet.com/_jmt4w2
Identify which of the following is NOT a good way for Managers can use bud-
managers to use a budget. gets alone to estimate how
well they perform over a
period of time
12. Which of the following components is not necessary to Direct material purchase
have in every master budget? budget
13. What does variable cost with economies of scale The higher the volume of
mean? output, the less it costs to
produce one extra unit
14. Before protecting a worksheet to avoid people from unlock the input cells
editing the formulas, you must
15. The annual accounts receivable is 3,000; the annual 27.4
sales 40,000, and the gross profit margin is 40%.
The receivable days estimated from the data above is
_____.
16. The PP&E gross book value at the start of the month 46,250
is 60,000, and the CAPEX of the month is 12,000. The
accumulated depreciation at the start of the month is
25,000; the depreciation expense of the month is 750.
The net book value of PP&E calculated from the data
above is _____.
17. Simple interest is important framework to start learn- $1,538.46
ing about Time value of MoneyIf you are going to
receive $2,000 in six years from now, how much is that
worth today, assuming 5% annual simple interest?
18.
2/7
