Wall Street Prep Premium Exam |
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Actual Exam Questions | 100% CorrectA
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nswers | Verified 2024 Version n n n n
What is generally not considered to be a pre-
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tax non-
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recurring (unusual or infrequent) item? -
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....ANSWER >>>>Extraordinary gains/losses
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what is false about depreciation and amortiz
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ation - n
....ANSWER >>>>D&A may beclassified within
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interest expense
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Company X's current assets increased by
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$40 million from 2007-
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2008 while the companies current liabilities inc
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reased by n
,$25 million over the same period. the cash
n n n n n n n
impact of the change in working capital was
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- ....ANSWER >>>>a decrease of 15 million
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the final component of an earnings projectionm
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odel is calculating interest expense. the calcula
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tion may create a circular reference because -
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....ANSWER >>>>interest expense affects net inc
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ome, which affects FCF, which affects the amou
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nt of debt a company pays down, which, in turn a
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ffects the interest expense, hence the circular r
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eference
a 10-
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q financial filing has all of the followingcharac
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teristics except - ................... ANSWER
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>>>>issued four times a year. n n n n
Depreciation Expense found in the SG&A lineof n n n n n n n n
the income statement for a manufacturingfirm
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would most likely be attributable to which of th
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e following -........................... ANSWER
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>>>>computers used by the accountingd n n n n n
epartment
, If a company has projected revenues of $10billi
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on, a gross profit margin of 65%, and projected
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SG&A expenses of $2billion, whatis the compa
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ny's operating (EBIT) margin? -
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....ANSWER >>>>45% n
A company has the following information, 1. 201
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4 revenues of $5 billion,2013 Accounts receiva
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ble of $400 million, 2014 accounts receivable of
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$600 million, what are the dayssales outstandi
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ng - ....ANSWER >>>>36.5
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A company has the following information:
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• 2014 Revenues of $8 billion n n n n
• 2014 COGS of $5 billion n n n n
• 2013 Accounts receivable of $400 million
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• 2014 Accounts receivable of $600 million
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• 2013 Inventories of $1 billionn n n n
• 2014 Inventories of $800 million
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• 2013 Accounts payable of $250 million
n n n n n
• 2014 Accounts payable of $300 million
n n n n n
n n n n n
Actual Exam Questions | 100% CorrectA
n n n n n n
nswers | Verified 2024 Version n n n n
What is generally not considered to be a pre-
n n n n n n n n
tax non-
n n
recurring (unusual or infrequent) item? -
n n n n n
....ANSWER >>>>Extraordinary gains/losses
n n n
what is false about depreciation and amortiz
n n n n n n
ation - n
....ANSWER >>>>D&A may beclassified within
n n n n n n
interest expense
n n
Company X's current assets increased by
n n n n n
$40 million from 2007-
n n n
2008 while the companies current liabilities inc
n n n n n n
reased by n
,$25 million over the same period. the cash
n n n n n n n
impact of the change in working capital was
n n n n n n n
- ....ANSWER >>>>a decrease of 15 million
n n n n n n
the final component of an earnings projectionm
n n n n n n n
odel is calculating interest expense. the calcula
n n n n n n
tion may create a circular reference because -
n n n n n n n
....ANSWER >>>>interest expense affects net inc
n n n n n n
ome, which affects FCF, which affects the amou
n n n n n n n
nt of debt a company pays down, which, in turn a
n n n n n n n n n n
ffects the interest expense, hence the circular r
n n n n n n n
eference
a 10-
n
q financial filing has all of the followingcharac
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teristics except - ................... ANSWER
n n
>>>>issued four times a year. n n n n
Depreciation Expense found in the SG&A lineof n n n n n n n n
the income statement for a manufacturingfirm
n n n n n n n
would most likely be attributable to which of th
n n n n n n n n
e following -........................... ANSWER
n n
>>>>computers used by the accountingd n n n n n
epartment
, If a company has projected revenues of $10billi
n n n n n n n n
on, a gross profit margin of 65%, and projected
n n n n n n n n n
SG&A expenses of $2billion, whatis the compa
n n n n n n n
ny's operating (EBIT) margin? -
n n n n
....ANSWER >>>>45% n
A company has the following information, 1. 201
n n n n n n n
4 revenues of $5 billion,2013 Accounts receiva
n n n n n n
ble of $400 million, 2014 accounts receivable of
n n n n n n n
$600 million, what are the dayssales outstandi
n n n n n n n n
ng - ....ANSWER >>>>36.5
n n n
A company has the following information:
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• 2014 Revenues of $8 billion n n n n
• 2014 COGS of $5 billion n n n n
• 2013 Accounts receivable of $400 million
n n n n n
• 2014 Accounts receivable of $600 million
n n n n n
• 2013 Inventories of $1 billionn n n n
• 2014 Inventories of $800 million
n n n n
• 2013 Accounts payable of $250 million
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• 2014 Accounts payable of $300 million
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