CFI FMVA FINAL EXAM WITH
COMPLETE CORRECT ANSWERS
100% GUARANTEED PASS
ALREADY GRADED A+ LATEST
VERSION
"Which of the following is NOT a form of subordinated debt? - CORRECT ANSWER✅ Revolver"
"Which of the following is not a function of public accounting firms? - CORRECT ANSWER✅
Due dilligence"
"Which ratio would you use to determine the profitability of the goods sold by a company? -
CORRECT ANSWER✅ Gross Profit Margin"
"Horizontal analysis allows us to analyze performance over: - CORRECT ANSWER✅ Time"
"If a company wanted to finance the purchase of equipment without diluting shareholders
equity, which of the following operation could it consider? - CORRECT ANSWER✅ Issuing
convertible bonds"
"When calculating the quick ratio or "acid test" which current asset or liability is omitted? -
CORRECT ANSWER✅ Inventory"
"Using the PEST analysis, which of the following should a company like Apple Inc. worry about
the most? - CORRECT ANSWER✅ Technological forecasting and trends"
, "Identify which of the following is NOT a good way for managers to use a budget. - CORRECT
ANSWER✅ Managers can use budgets alone to estimate how well they perform over a period
of time"
"Which of the following components is not necessary to have in every master budget? -
CORRECT ANSWER✅ Direct material purchase budget"
"What does variable cost with economies of scale mean? - CORRECT ANSWER✅ The higher the
volume of output, the less it costs to produce one extra unit"
"Before protecting a worksheet to avoid people from editing the formulas, you must - CORRECT
ANSWER✅ unlock the input cells"
"The annual accounts receivable is 3,000; the annual sales 40,000, and the gross profit margin is
40%.
The receivable days estimated from the data above is _____. - CORRECT ANSWER✅ 27.4"
"The PP&E gross book value at the start of the month 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
_____. - CORRECT ANSWER✅ 46,250"
"Simple interest is important framework to start learning 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? - CORRECT ANSWER✅ $1,538.46"
"The formula contained in the yellow highlighted cell (I39) is = ( , I9,I24). This formula can be
copied over to the entire live scenario section without any manual modification. (Hint: do not
forget to use absolute references.) - CORRECT ANSWER✅ "
"You should perform sensitivity analysis when: - CORRECT ANSWER✅ You need to determine
which assumptions matter the most"
"Which charts would be better choices to visualize a company's actual performance ratio in
comparison to a target ratio? Select TWO best answers. - CORRECT ANSWER✅ Two-series line
chart, column and marker chart"
COMPLETE CORRECT ANSWERS
100% GUARANTEED PASS
ALREADY GRADED A+ LATEST
VERSION
"Which of the following is NOT a form of subordinated debt? - CORRECT ANSWER✅ Revolver"
"Which of the following is not a function of public accounting firms? - CORRECT ANSWER✅
Due dilligence"
"Which ratio would you use to determine the profitability of the goods sold by a company? -
CORRECT ANSWER✅ Gross Profit Margin"
"Horizontal analysis allows us to analyze performance over: - CORRECT ANSWER✅ Time"
"If a company wanted to finance the purchase of equipment without diluting shareholders
equity, which of the following operation could it consider? - CORRECT ANSWER✅ Issuing
convertible bonds"
"When calculating the quick ratio or "acid test" which current asset or liability is omitted? -
CORRECT ANSWER✅ Inventory"
"Using the PEST analysis, which of the following should a company like Apple Inc. worry about
the most? - CORRECT ANSWER✅ Technological forecasting and trends"
, "Identify which of the following is NOT a good way for managers to use a budget. - CORRECT
ANSWER✅ Managers can use budgets alone to estimate how well they perform over a period
of time"
"Which of the following components is not necessary to have in every master budget? -
CORRECT ANSWER✅ Direct material purchase budget"
"What does variable cost with economies of scale mean? - CORRECT ANSWER✅ The higher the
volume of output, the less it costs to produce one extra unit"
"Before protecting a worksheet to avoid people from editing the formulas, you must - CORRECT
ANSWER✅ unlock the input cells"
"The annual accounts receivable is 3,000; the annual sales 40,000, and the gross profit margin is
40%.
The receivable days estimated from the data above is _____. - CORRECT ANSWER✅ 27.4"
"The PP&E gross book value at the start of the month 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
_____. - CORRECT ANSWER✅ 46,250"
"Simple interest is important framework to start learning 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? - CORRECT ANSWER✅ $1,538.46"
"The formula contained in the yellow highlighted cell (I39) is = ( , I9,I24). This formula can be
copied over to the entire live scenario section without any manual modification. (Hint: do not
forget to use absolute references.) - CORRECT ANSWER✅ "
"You should perform sensitivity analysis when: - CORRECT ANSWER✅ You need to determine
which assumptions matter the most"
"Which charts would be better choices to visualize a company's actual performance ratio in
comparison to a target ratio? Select TWO best answers. - CORRECT ANSWER✅ Two-series line
chart, column and marker chart"
