ADVENTIS LEVEL 1 Exam Questions With Correct Answers

What is the direct cost of producing revenue - Answer Cost of Sales Which of the following falls into investing activities - Answer Capital Expenditures Which of the following is not accurate in regards to accounts receivable ? - Answer All else being equal if accounts receivable increases, cash also increases Which of the following balance sheet items are not included in working capital - Answer Short-term debt Balance sheet $ amount question - Answer $300,000 Which of the following shows an organization's financial position at a point in time? - Answer Balance Sheet Which does not represent a source (inflow) of cash - Answer Asset decreasing Which of the following describes earnings per share - Answer shows the amount of earnings attributable to share a common stock which of the following is not a credit ratio? - Answer -debt/ebita -GROSS MARGIN debt/equity -interest coverage All else being equal, depreciation increases by $100. Assuming corporate taxes are 40%. which of the following is a false statement? - Answer Cash flow from operations would be reduced by $100 How is the number of shares repurchased typically in a financial model? - Answer share repurchases/ avg price paid per share