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Wall Street Prep Accounting Exam Latest 2025 Actual
Questions and Verified Answers () A+
Grade 100% Guarantee Verified by Experts
What is generally not considered to be a pre-tax non-recurring (unusual or
infrequent) item? - ..(ANSWER)...Extraordinary gains/losses
what is false about depreciation and amortization - ..(ANSWER)...D&A may be
classified within interest expense
Company X's current assets increased by $40 million from 2007-2008 while the
companies current liabilities increased by $25 million over the same period. the
cash impact of the change in working capital was - ..(ANSWER)...a decrease of 15
million
the final component of an earnings projection model is calculating interest
expense. the calculation may create a circular reference because -
..(ANSWER)...interest expense affects net income, which affects FCF, which
affects the amount of debt a company pays down, which, in turn affects the interest
expense, hence the circular reference
a 10-q financial filing has all of the following characteristics except -
..(ANSWER)...issued four times a year.
Depreciation Expense found in the SG&A line of the income statement for a
manufacturing firm would most likely be attributable to which of the following -
..(ANSWER)...computers used by the accounting department
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If a company has projected revenues of $10 billion, a gross profit margin of 65%,
and projected SG&A expenses of $2billion, what is the company's operating
(EBIT) margin? - ..(ANSWER)...45%
A company has the following information, 1. 2014 revenues of $5 billion,2013
Accounts receivable of $400 million, 2014 accounts receivable of $600 million,
what are the days sales outstanding - ..(ANSWER)...36.5
A company has the following information:
• 2014 Revenues of $8 billion
• 2014 COGS of $5 billion
• 2013 Accounts receivable of $400 million
• 2014 Accounts receivable of $600 million
• 2013 Inventories of $1 billion
• 2014 Inventories of $800 million
• 2013 Accounts payable of $250 million
• 2014 Accounts payable of $300 million
What are the inventory days for the company? - ..(ANSWER)...65.7 days
Which of the following is true - ..(ANSWER)...Coca Cola's brand name is not
reflected as an intangible asset on its balance sheet
A company has the following information:
• 2014 share repurchase plan of $4 billion
Wall Street Prep Accounting Exam Latest 2025 Actual
Questions and Verified Answers () A+
Grade 100% Guarantee Verified by Experts
What is generally not considered to be a pre-tax non-recurring (unusual or
infrequent) item? - ..(ANSWER)...Extraordinary gains/losses
what is false about depreciation and amortization - ..(ANSWER)...D&A may be
classified within interest expense
Company X's current assets increased by $40 million from 2007-2008 while the
companies current liabilities increased by $25 million over the same period. the
cash impact of the change in working capital was - ..(ANSWER)...a decrease of 15
million
the final component of an earnings projection model is calculating interest
expense. the calculation may create a circular reference because -
..(ANSWER)...interest expense affects net income, which affects FCF, which
affects the amount of debt a company pays down, which, in turn affects the interest
expense, hence the circular reference
a 10-q financial filing has all of the following characteristics except -
..(ANSWER)...issued four times a year.
Depreciation Expense found in the SG&A line of the income statement for a
manufacturing firm would most likely be attributable to which of the following -
..(ANSWER)...computers used by the accounting department
, 2|Page
If a company has projected revenues of $10 billion, a gross profit margin of 65%,
and projected SG&A expenses of $2billion, what is the company's operating
(EBIT) margin? - ..(ANSWER)...45%
A company has the following information, 1. 2014 revenues of $5 billion,2013
Accounts receivable of $400 million, 2014 accounts receivable of $600 million,
what are the days sales outstanding - ..(ANSWER)...36.5
A company has the following information:
• 2014 Revenues of $8 billion
• 2014 COGS of $5 billion
• 2013 Accounts receivable of $400 million
• 2014 Accounts receivable of $600 million
• 2013 Inventories of $1 billion
• 2014 Inventories of $800 million
• 2013 Accounts payable of $250 million
• 2014 Accounts payable of $300 million
What are the inventory days for the company? - ..(ANSWER)...65.7 days
Which of the following is true - ..(ANSWER)...Coca Cola's brand name is not
reflected as an intangible asset on its balance sheet
A company has the following information:
• 2014 share repurchase plan of $4 billion
