WALL STREET PREP PREMIUM EXAM
QUESTION WITH CORRECT ANSWERS
What Pis Pgenerally PnotRconsidered Pto Pbe Pa Ppre-tax Pnon-recurring P(unusual Por Pinfrequent)
Pitem? P- Pcorrect Panswer-Extraordinary Pgains/losses
what Pis Pfalse Pabout Pdepreciation Pand Pamortization P- Pcorrect
Panswer- PD&A Pmay Pbe Pclassified Pwithin Pinterest Pexpense
Company PX's Pcurrent Passets Pincreased Pby P$40 Pmillion Pfrom P2007-
2008 Pwhile Pthe Pcompanies Pcurrent Pliabilities Pincreased Pby P$25 Pmillion Pover Pthe Psame Pperiod.
Pthe Pcash Pim Ppact Pof Pthe Pchange Pin Pworking Pcapital Pwas P- Pcorrect Panswer-a Pdecrease Pof P15
Pmillion
the Pfinal Pcomponent Pof Pan Pearnings Pprojection Pmodel Pis Pcalculating Pinterest Pexpense. Pthe
Pcalculation Pmay Pcreate Pa Pcircular Preference Pbecause P- Pcorrect Panswer-
interest Pexpense Paffects Pnet Pincome, Pwhich Paffects PFCF, Pwhich Paffects Pthe Pamount Pof Pdebt Pa
Pcompany Ppay Ps Pdown, Pwhich, Pin Pturn Paffects Pthe Pinterest Pexpense, Phence Pthe Pcircular
Preference
,a P10-q Pfinancial Pfiling Phas Pall Pof Pthe Pfollowing Pcharacteristics Pexcept P- Pcorrect
Panswer- Pissued Pfour Ptimes Pa Pyear.
Depreciation PExpense Pfound Pin Pthe PSG&A Pline Pof Pthe Pincome Pstatement Pfor Pa Pmanufacturing
Pfirm Pwould Pmost Plikely Pbe Pattributable Pto Pwhich Pof Pthe Pfollowing P- Pcorrect Panswer-
computers Pused Pby Pthe Paccounting Pdepartment
If Pa Pcompany Phas Pprojected Prevenues Pof P$10 Pbillion, Pa Pgross Pprofit Pmargin Pof P65%, Pand
Pprojected PSG&ARex Ppenses Pof P$2billion, Pwhat Pis Pthe Pcompany's Poperating P(EBIT) Pmargin? P-
Pcorrect Panswer-45%
A Pcompany Phas Pthe PfollowingRinformation, P1. P2014 Prevenues Pof P$5 Pbillion,2013 PAccounts
Preceivable Pof P$4 P00 Pmillion, P2014 Paccounts Preceivable Pof P$600 Pmillion, Pwhat Pare Pthe Pdays
Psales Poutstanding P-
correct P answer-36.5
A Pcompany Phas Pthe PfollowingRinformation:
• 2014 PRevenues Pof P$8 Pbillion
, • 2014 PCOGS Pof P$5 Pbillion
• 2013 PAccounts Preceivable Pof P$400 Pmillion
• 2014 PAccounts Preceivable Pof P$600 Pmillion
• 2013 PInventories Pof P$1 Pbillion
• 2014 PInventories Pof P$800 Pmillion
• 2013 PAccounts Ppayable Pof P$250 Pmillion
• 2014 PAccounts Ppayable Pof P$300 Pmillion
What Pare Pthe Pinventory Pdays Pfor Pthe Pcompany? P- Pcorrect Panswer-65.7 Pdays
Which Pof Pthe Pfollowing Pis Ptrue P- Pcorrect Panswer-
Coca PCola's Pbrand Pname Pis Pnot Preflected Pas Pan Pintangible Passet Pon Pits Pbalance Psheet
ARcompany Phas Pthe PfollowingRinformation:
• 2014 Pshare Prepurchase Pplan Pof P$4 Pbillion
• Average Pshare Pprice Pof P$60 Pfor Pthe Pyear P2013
• Expected PEPS Pgrowth Pfor P2014 Pof P10%
What Pshould Pthe Pnumber Pof Pshares Prepurchased Pby Pthe Pcompany Pbe Pin Pyour Pfinancial
Pmodel? P- Pcorrect Panswer-60.6 Pmillion
non-controlling Pinterest P- Pcorrect Panswer-
is Pan Pexpense Pon Pthe Pincome Pstatement Pand Pequity Po Pthe Pbalance Psheet
ARcompany Phas Pthe PfollowingRinformation:
QUESTION WITH CORRECT ANSWERS
What Pis Pgenerally PnotRconsidered Pto Pbe Pa Ppre-tax Pnon-recurring P(unusual Por Pinfrequent)
Pitem? P- Pcorrect Panswer-Extraordinary Pgains/losses
what Pis Pfalse Pabout Pdepreciation Pand Pamortization P- Pcorrect
Panswer- PD&A Pmay Pbe Pclassified Pwithin Pinterest Pexpense
Company PX's Pcurrent Passets Pincreased Pby P$40 Pmillion Pfrom P2007-
2008 Pwhile Pthe Pcompanies Pcurrent Pliabilities Pincreased Pby P$25 Pmillion Pover Pthe Psame Pperiod.
Pthe Pcash Pim Ppact Pof Pthe Pchange Pin Pworking Pcapital Pwas P- Pcorrect Panswer-a Pdecrease Pof P15
Pmillion
the Pfinal Pcomponent Pof Pan Pearnings Pprojection Pmodel Pis Pcalculating Pinterest Pexpense. Pthe
Pcalculation Pmay Pcreate Pa Pcircular Preference Pbecause P- Pcorrect Panswer-
interest Pexpense Paffects Pnet Pincome, Pwhich Paffects PFCF, Pwhich Paffects Pthe Pamount Pof Pdebt Pa
Pcompany Ppay Ps Pdown, Pwhich, Pin Pturn Paffects Pthe Pinterest Pexpense, Phence Pthe Pcircular
Preference
,a P10-q Pfinancial Pfiling Phas Pall Pof Pthe Pfollowing Pcharacteristics Pexcept P- Pcorrect
Panswer- Pissued Pfour Ptimes Pa Pyear.
Depreciation PExpense Pfound Pin Pthe PSG&A Pline Pof Pthe Pincome Pstatement Pfor Pa Pmanufacturing
Pfirm Pwould Pmost Plikely Pbe Pattributable Pto Pwhich Pof Pthe Pfollowing P- Pcorrect Panswer-
computers Pused Pby Pthe Paccounting Pdepartment
If Pa Pcompany Phas Pprojected Prevenues Pof P$10 Pbillion, Pa Pgross Pprofit Pmargin Pof P65%, Pand
Pprojected PSG&ARex Ppenses Pof P$2billion, Pwhat Pis Pthe Pcompany's Poperating P(EBIT) Pmargin? P-
Pcorrect Panswer-45%
A Pcompany Phas Pthe PfollowingRinformation, P1. P2014 Prevenues Pof P$5 Pbillion,2013 PAccounts
Preceivable Pof P$4 P00 Pmillion, P2014 Paccounts Preceivable Pof P$600 Pmillion, Pwhat Pare Pthe Pdays
Psales Poutstanding P-
correct P answer-36.5
A Pcompany Phas Pthe PfollowingRinformation:
• 2014 PRevenues Pof P$8 Pbillion
, • 2014 PCOGS Pof P$5 Pbillion
• 2013 PAccounts Preceivable Pof P$400 Pmillion
• 2014 PAccounts Preceivable Pof P$600 Pmillion
• 2013 PInventories Pof P$1 Pbillion
• 2014 PInventories Pof P$800 Pmillion
• 2013 PAccounts Ppayable Pof P$250 Pmillion
• 2014 PAccounts Ppayable Pof P$300 Pmillion
What Pare Pthe Pinventory Pdays Pfor Pthe Pcompany? P- Pcorrect Panswer-65.7 Pdays
Which Pof Pthe Pfollowing Pis Ptrue P- Pcorrect Panswer-
Coca PCola's Pbrand Pname Pis Pnot Preflected Pas Pan Pintangible Passet Pon Pits Pbalance Psheet
ARcompany Phas Pthe PfollowingRinformation:
• 2014 Pshare Prepurchase Pplan Pof P$4 Pbillion
• Average Pshare Pprice Pof P$60 Pfor Pthe Pyear P2013
• Expected PEPS Pgrowth Pfor P2014 Pof P10%
What Pshould Pthe Pnumber Pof Pshares Prepurchased Pby Pthe Pcompany Pbe Pin Pyour Pfinancial
Pmodel? P- Pcorrect Panswer-60.6 Pmillion
non-controlling Pinterest P- Pcorrect Panswer-
is Pan Pexpense Pon Pthe Pincome Pstatement Pand Pequity Po Pthe Pbalance Psheet
ARcompany Phas Pthe PfollowingRinformation:
