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FMVA Final Exam Newest /FMVA Final Exam
Preparation / FMVA Final Practice Exam With 250
Complete Questions And Correct Detailed Answers
|Already Graded A+|Newest Version!!!
Where would 'accounts payable' most likely appear on a
set of financial statements? - Answer-On the balance
sheet under 'current liabilities'
Which is not a type of note found in a set of financial
statements? - Answer-Significant internal controls
What is the correct syntax for the =YEARFRAC function? -
Answer-=YEARFRAC(start_date,end_date,[basis])
Which of the following is NOT a form of subordinated
debt? - Answer-Revolver
Which of the following is not a function of public
accounting firms? - Answer-Due dilligence
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Which ratio would you use to determine the profitability of
the goods sold by a company? - Answer-Gross Profit
Margin
Horizontal analysis allows us to analyze performance
over: - Answer-Time
If a company wanted to finance the purchase of equipment
without diluting shareholders equity, which of the following
operation could it consider? - Answer-Issuing convertible
bonds
When calculating the quick ratio or "acid test" which
current asset or liability is omitted? - Answer-Inventory
Using the PEST analysis, which of the following should a
company like Apple Inc. worry about the most? - Answer-
Technological forecasting and trends
Identify which of the following is NOT a good way for
managers to use a budget. - Answer-Managers can use
budgets alone to estimate how well they perform over a
period of time
FMVA Final Exam Newest /FMVA Final Exam
Preparation / FMVA Final Practice Exam With 250
Complete Questions And Correct Detailed Answers
|Already Graded A+|Newest Version!!!
Where would 'accounts payable' most likely appear on a
set of financial statements? - Answer-On the balance
sheet under 'current liabilities'
Which is not a type of note found in a set of financial
statements? - Answer-Significant internal controls
What is the correct syntax for the =YEARFRAC function? -
Answer-=YEARFRAC(start_date,end_date,[basis])
Which of the following is NOT a form of subordinated
debt? - Answer-Revolver
Which of the following is not a function of public
accounting firms? - Answer-Due dilligence
, 2|Page
Which ratio would you use to determine the profitability of
the goods sold by a company? - Answer-Gross Profit
Margin
Horizontal analysis allows us to analyze performance
over: - Answer-Time
If a company wanted to finance the purchase of equipment
without diluting shareholders equity, which of the following
operation could it consider? - Answer-Issuing convertible
bonds
When calculating the quick ratio or "acid test" which
current asset or liability is omitted? - Answer-Inventory
Using the PEST analysis, which of the following should a
company like Apple Inc. worry about the most? - Answer-
Technological forecasting and trends
Identify which of the following is NOT a good way for
managers to use a budget. - Answer-Managers can use
budgets alone to estimate how well they perform over a
period of time
