Fcff Guides d'étude, Notes de cours & Résumés

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Central...

FCFF (using EBITDA) CORRECT ANSWER FCFF = EBIDTA(1-T) + DEP(T) - Finv - Winv Converting FIFO to LIFO COGS CORRECT ANSWER FIFO COGS = LIFO COGS - (End LIFO Reserve - Beg LIFO reserve) Engle- Granger Test CORRECT ANSWER Test whether 2 variables are cointegrated. Regress 1 data series against the other and check residuals for unit root. Steady State of Growth Formula CORRECT ANSWER growth = Growth Rate TFP/1-(Labor cost in total factor cost) + labor force growth Labor productivity growt...

FCFF (using EBITDA) correct answer: FCFF = EBIDTA(1-T) + DEP(T) - Finv - Winv Converting FIFO to LIFO COGS correct answer: FIFO COGS = LIFO COGS - (End LIFO Reserve - Beg LIFO reserve) Engle- Granger Test correct answer: Test whether 2 variables are cointegrated. Regress 1 data series against the other and check residuals for unit root. Steady State of Growth Formula correct answer: growth = Growth Rate TFP/1-(Labor cost in total factor cost) + labor force growth Labor productivi...

Pt - ANSWER-is the sold price Pt-1 - ANSWER-is the bought price CFt - ANSWER-is the cash flow (coupons for bonds; dividends for stocks). Dollar Returns - ANSWER-= Pt - Pt-1 + CFt Cash Flow from Investing (CFI) - ANSWER-= Change in Net PP&E + Depreciation Expense Net PP&E - ANSWER-= Gross PP&E - Accumulated Depreciation With the assumption of no asset disposals, CFI will be equal to - ANSWER-1) change in Gross PP&E or 2) Change in Net PP&E plus depreciation expense. Dividends...

CFA Level 2 Exam 115 Questions with Answers 2023 FCFF (using EBITDA) - CORRECT ANSWER FCFF = EBIDTA(1-T) + DEP(T) - Finv - Winv Converting FIFO to LIFO COGS - CORRECT ANSWER FIFO COGS = LIFO COGS - (End LIFO Reserve - Beg LIFO reserve) Engle- Granger Test - CORRECT ANSWER Test whether 2 variables are cointegrated. Regress 1 data series against the other and check residuals for unit root. Steady State of Growth Formula - CORRECT ANSWER growth = Growth Rate TFP/1-(Labor cost in total...

Earnings Yield correct answer: The inverse of the PE ratio. Current Market Values correct answer: What someone would pay right now for an asset. Working Capital Management correct answer: Management of the cash resources required to run the firm's day-to-day operations. PS Ratio correct answer: Commonly used to value a firm when earnings are negative, equals price divided by sales. Comparable Multiples correct answer: A technique to value an entire firm based on financial ratio...

Pt - ANSWERSis the sold price Pt-1 - ANSWERSis the bought price CFt - ANSWERSis the cash flow (coupons for bonds; dividends for stocks). Dollar Returns - ANSWERS= Pt - Pt-1 + CFt Cash Flow from Investing (CFI) - ANSWERS= Change in Net PP&E + Depreciation Expense Net PP&E - ANSWERS= Gross PP&E - Accumulated Depreciation With the assumption of no asset disposals, CFI will be equal to - ANSWERS1) change in Gross PP&E or 2) Change in Net PP&E plus depreciation expense. Dividends...

WGU C214 Financial Mgmt Pass the OA Questions and Answers 2023 Characteristics of preferred stock includes -dividends in arrears -dividends are cumulative -higher payoff claim in a BK (has first dibs in a BK) -considered "hybrid" (part stock/part bond) -no fixed maturity date -no voting rights -can skip dividend payments -dividends don't change year-after-year -used in start ups (IPO) Preferred stock dividends can go without payment and pay in arrears the following year ...

WGU C214 Financial Management Fast and Furious questions and answers CORRECT!!! T1 Primary financial markets - the markets in which securities (stocks and bonds) are first issued. This is where the issuers (the firms) and the buyers (the investors) will engage in an exchange. T1 Syndicate - When a company wants to issue stock, bonds, or other publicly traded securities, it hires an * underwriter * to manage what is often a long and complex process. After determining the offering str...

Net Income = Revenues - Expenses Revenues - Cost of Goods Sold (COGS) Gross Profit Gross Profit - Operating Expenses EBIT EBIT = Sales - Costs - Depreciation EBIT = Operating Profit or Operating Income EBIT - Interest Expense = Earnings Before Taxes Earnings before Taxes - Tax Expense = Net Income (NI) Retained Earnings End RE = Beg RE + NI - Dividends END RE = Beg RE + (Sales Revenue X Margin%) - Dividend Payout Ratio x (Sales R...