WALL STREET PREP PREMIUM COMPREHENSIVE STUDY GUIDE 2026 QUESTIONS WITH ANSWERS GRADED A

WALL STREET PREP PREMIUM
COMPREHENSIVE STUDY GUIDE 2026
QUESTIONS WITH ANSWERS GRADED A+

⩥ COGS. Answer: anything related directly to production of goods
being sold


⩥ Operating Expenses. Answer: Costs involved in operating a business,
such as rent, utilities, and salaries.


⩥ D&A useful life =. Answer: Cost(gross depreciable PP&E / annual
depreciaiton


⩥ net income =. Answer: revenue - exspenses


⩥ gross profit. Answer: revenue - COGS


⩥ EBITDA. Answer: revenue - cogs - operating exspenses


⩥ EBIT =. Answer: EBITDA - D&A


⩥ non-cash exspenses. Answer: D&A, SBC

, ⩥ Cash flow statement. Answer: the total amount of cash that a company
generates over a period of time


⩥ Unlevered Free Cash Flow (UFCF) =. Answer: EBIT*(1-tax rate) +
D&A + Deferred Taxes + Other non cash items - Working Capital
Charges - Capital Expenditures


EBITDA - taxes - capex - change NWC


⩥ Balance sheet. Answer: snapshot in time of a companies assets,
liabilities, and equity all in balance


⩥ Equity =. Answer: assets - liabilities


⩥ assets. Answer: things that will generate cash in the future, but
decrease cash in present


⩥ liabilities. Answer: things that will reduce cash in future but increase
cash in present


⩥ accounts recievable. Answer: money owed to a company by its
customers for already recieved goods and services