- Study guides, Class notes & Summaries

BIWS EXAM QUESTIONS AND CORRECT ANSWERS ALREADY PASSED

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11 pages

Written in 2025/2026

Grade A+

Scholarsstudyguide

BIWS TESTBANK QUESTIONS WITH 100% CORRECT ANSWERS LATEST UPDATE!!PASSED!!

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75 pages

Written in 2025/2026

Grade A+

Scholarsstudyguide

BIWS TESTED EXAM QUESTIONS WITH VERIFIED ANSWERS LATEST UPDATE!!PASSED!!

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9 pages

Written in 2025/2026

Grade A+

Scholarsstudyguide

The owner must prove financial capability no later than ________ days prior to the expiration of the time for withdrawal of bids. A. 3 B. 5 C.7 D.30 - Answer Answer: C. 7 - AIA 701.6.2 How many copies of the plans and specifications shall the contractor maintain on site? A. 1 B. 2 C. 3 D. 4 - Answer Answer: A. 1 - AIA201 2.3.6 Contracts entered into by unlicensed contractors ________________. A. are immoral B.are illegal C. are enforceable D. are unenforceable - Answer Answer: D. ...

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12 pages

Written in 2024/2025

Grade A+

TestSolver9

Income Statement - Answer 1. Sales Revenue 2. COGS Gross Profit 3. Operating Expenses (SG&A) Operating Income (EBITDA) 4. Depreciation EBIT 5. Interest 6. Taxes Net Income Why is the Income Statement not affected by changes in Inventory? - Answer The expense is only recorded when the goods associated with it are sold (COGS) Statement of Cash Flows - Answer 1. Net Income 2. Operating Activities Depreciation Changes to AR, Liabilities, Inventories, Othe...

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16 pages

Written in 2024/2025

Grade A+

TestSolver9

When accounting for long-term construction contracts under IFRS, which of the following statements is true? Question 1 options: Before completion of the project, the net balance of the contract assets and progress billings accounts is reported on the statement of financial position as a current asset or liability. All eligible construction-related costs are credited to the contract assets account. Earned profit is credited to the construction-in-progress revenue account. Interim billi...

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15 pages

Written in 2024/2025

Grade A+

TestSolver9

What is the difference between systematic and unsystematic risk? - Answer Systematic risk: Fluctuations of a stock's return that are due to market-wide news representing common risk Unsystematic risk: Fluctuations of a stock's return that are due to company- or industry- specific news and are independent risks unrelated across stocks What is CAPM? - Answer Capital Asset Pricing Model. An equilibrium model of the relationship between risk and return that characterizes a security...

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13 pages

Written in 2024/2025

Grade A+

TestSolver9

1. Walk me through a DCF. - Answer "A DCF values a company based on the Present Value of its Cash Flows and the Present Value of its Terminal Value. First, you project out a company's financials using assumptions for revenue growth, expenses and Working Capital; then you get down to Free Cash Flow for each year, which you then sum up and discount to a Net Present Value, based on your discount rate - usually the Weighted Average Cost of Capital. Once you have the present value of the C...

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5 pages

Written in 2024/2025

Grade A+

TestSolver9

You're setting up a new customer. How do you tell QuickBooks that this customer's invoices should be due 30 days after they're issued? - Answer Set the customer's Terms to Net30 Your boss wants to know if there are any overdue bills. What report would you run to give him this information? - Answer Accounts Payable Aging Report What is the purpose of the Audit Log report? - Answer To track any changes and deletions to transactions, as well as track which user makes the ...

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4 pages

Written in 2024/2025

Grade A+

TestSolver9

What are the 3 major valuation methodologies? - Answer Comparable Companies, Precedent Transactions and Discounted Cash Flow Analysis. Rank the 3 valuation methodologies from highest to lowest expected value. - Answer Trick question - there is no ranking that always holds. In general, Precedent Transactions will be higher than Comparable Companies due to the Control Premium built into acquisitions. Beyond that, a DCF could go either way and it's best to say that it's more varia...

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23 pages

Written in 2024/2025

Grade A+

TestSolver9

Can you discuss your quantitative skills? How do you know you can handle the quantitative rigor required in investment banking? - Answer What initiative have you taken on your own to learn more about finance? - Answer Can you tell me about a time when you submitted a report or project with misspellings or grammatical mistakes? - Answer What's the most number of classes you ever took at once and how well did you do in each of them? - Answer How well can you mult...

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5 pages

Written in 2024/2025

Grade A+

TestSolver9

You've never worked in finance before. How much do you know about what bankers actually do? - Answer I've done a lot of research on my own. Based on that, I know that bankers advise companies on transactions - buying and selling other companies, and raising capital. They are "agents" that connect a company with the appropriate buyer, seller, or investor. The day-to-day work involves creating presentations, financial analysis and marketing materials such as Executive Summaries. ...

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4 pages

Written in 2024/2025

Grade A+

TestSolver9

Why is money worth more today than it is next year? - Answer Because you could invest that money today and earn something with it by next year. If there were no inflation, would money today still be worth more than money next year? - Answer Yes, because even with no inflation, you could still invest money today and earn more with it by next year. You're considering renting an apartment by paying a very high deposit, but no monthly rent, or paying a much lower deposit and paying mo...

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4 pages

Written in 2024/2025

Grade A+

TestSolver9

Company A, with a P / E of 25x, acquires Company B for a purchase P / E multiple of 15x. Will the deal be accretive? - Answer - You can't tell unless you know that it's a 100% Stock deal. - If it is a 100% Stock deal, then it will be accretive because the Buyer's P / E is higher than the Seller's, indicating that the Buyer's Cost of Acquisition (1 / 25, or 4%) is less than the Seller's Yield (1 / 15, or 6.7%). Walk me through the full math for the deal now. Assume ...

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8 pages

Written in 2024/2025

Grade A+

TestSolver9

What if a company raises $1,000 in Debt, issues $500 in Dividends, and keeps $500 of it in Cash? - Answer The $1,000 Debt issuance will increase Cash and Debt by $1,000, so Enterprise Value stays the same. Equity Value doesn't change because the Cash increase was funded by non-equity investors. After the company issues $500 in Dividends, its Equity Value falls by $500, but its Enterprise Value stays the same because the reduced Cash and reduced Equity Value cancel each other out. So, i...

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18 pages

Written in 2024/2025

Grade A+

TestSolver9

Depreciation goes up by $10. What happens on the statements? - Answer So, for starters on the Income Statement, with depreciation going up by $10, EBIT would go down by $10 and Net Income assuming a 20% tax rate would go down by $8. On the Statement of Cash Flows, Net Income would be down by $8 and depreciation would be added back in since it is a non-cash expense and hence CFO would be up by $2. Finally, moving on to the Balance Sheet, cash would be up by $2, depreciation on the assets side ...

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24 pages

Written in 2024/2025

Grade A+

TestSolver9

Can you discuss your quantitative skills? How do you know you can handle the quantitative rigor required in investment banking? - Answer What initiative have you taken on your own to learn more about finance? - Answer Can you tell me about a time when you submitted a report or project with misspellings or grammatical mistakes? - Answer What's the most number of classes you ever took at once and how well did you do in each of them? - Answer How well can you mult...

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6 pages

Written in 2024/2025

Grade A+

TestSolver9

BIWS 400 Questions with complete solution 2023 Let's say I'm working on an IPO for a client. Can you describe briefly what I would do? - correct answer You meet with the client and gather basic information - such as their financial details, an industry overview, and who their customers are. You meet with other bankers and the lawyers to draft the S-1 registration statement - which describes the company's business and markets it to investors. You receive some comments from the SEC and kee...

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31 pages

Written in 2023/2024

Grade A+

SteveTutor

success story Econ 381 failure story MMSS 00:12 01:11 leadership story YPIE Book Drive 3 strengths curious (Collab), strong work ethic (Grosvenor/Classes/Rush), good problem solver (budgeting A&O, like to address any issues IMMEDIATELY) 3 weaknesses Perfectionist to a fault (often take too long to complete tasks because of this), Impatient (when things take long and are out of my control i sometimes get distracted), overly loyal (root for the mets jets an...

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32 pages

Written in 2022/2023

Grade A+

EXAMSTUDYPLUG

How do you value banks and financial institutions differently from other companies? Same "methods" but with nuances: 1. Use P/E and P/Book rather than EV/Revenue, EV/EBITDA due to a banks unique capital structure 2. Use metrics such as NAV (Net Asset Value) and screen comps based on those 3. Use Dividend Discount Model (DDM) rather than DCF *Reason you treat FIG differently is interest is a large part of a banks Revenue and Debt is part of the business model rather than just a financing...

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4 pages

Written in 2022/2023

Grade A+

EXAMSTUDYPLUG