CFA Level 1 － 模考试题(1)(PM) Q66-70

catherine

9 y* x+ m. J6 m4 m! ~7 ?' P* C+ m7 a
Question 66
! {* T' X7 Q* n; \
) ?6 L. d6 M/ X3 ?Which of the following items for a mutual funds company is least likely to be considered an operating item on the income statement?
0 L# W+ x  V* {' Q0 NA)    Interest income.
" _4 D) x' s& M- b$ \% ]B)   Interest expense.
9 W( W3 ?3 a: NC)   Income tax expense.
D)   Financing expenses.
6 ]0 }! h' v/ q* C4 `$ s3 E3 g
答案和详解：
' ~1 ?/ Y$ X! M! e* s. @

游客，如果您要查看本帖隐藏内容请回复

' l) E1 i$ O; M! @) W0 W/ [
: S: B* I$ x2 s7 r) Z) p3 M% t7 `Question 67
: M+ f- `6 |8 p8 @3 n/ f
The correct financial statement adjustments for a take-or-pay contract and for a sale of receivables with recourse that has been reported as a true sale would:
1 }2 a6 @- d4 A/ ITake-or-pay contract         Sale of receivables with recourse
A)    not affect the current ratio       decrease the total debt-to-equity ratio
B)   decrease the current ratio       increase the total debt-to-equity ratio
" M( G4 W( f2 f0 r! a. ~: ?9 K+ DC)   decrease the current ratio       decrease the total debt-to-equity ratio
D)   not affect the current ratio       increase the total debt-to-equity ratio

答案和详解：

游客，如果您要查看本帖隐藏内容请回复

Question 68
+ N7 k" [1 W$ W8 A
The financial analyst for Markham Inc. has reviewed the most recent financial statements and observed that while sales are up 10%, trade payables are up 20% and short-term liabilities are unchanged. There has also been an increase in advances from customers, also a liability. Based on this information, which of the following effects on Markham’s liquidity are most likely with respect to these changes?
       Short-term borrowings                    Advances to customers
A)    Stable or decreased risk of liquidity problems    Deteriorating liquidity position
4 Y8 {% H" c1 s3 ~1 Q. LB)   Increased risk of liquidity problems               Stable or improving liquidity position
0 J& l  D- {" [C)   Increased risk of liquidity problems               Deteriorating liquidity position
D)   Stable or decreased risk of liquidity problems    Stable or improving liquidity position

答案和详解：
& H9 H' U, G2 f1 J; S

游客，如果您要查看本帖隐藏内容请回复

* F! `/ \) N4 y, d4 t  hQuestion 69
  t6 p. @1 s, r/ f3 {
7 H# ~% A( j  P5 _1 ]1 ]# X% f& ~An analyst prepared the following selected horizontal common-size balance sheet data for Spider Corporation:
! q/ N1 y1 R' H$ J% Z% ^+ h6 s
/ |6 E7 r7 j( t6 ^: G2 ]" F5 O3 K
9 U7 [$ U1 o4 h' G+ @2 z
In the base year, Spider’s current ratio was 1.5. Spider’s current ratio as of December 31, 20X7 is closest to:
A)    0.86.
B)   1.50.
. o& f. y& U- Q, IC)   1.29.
D)   1.16.

2 ]1 w+ {$ V. C' p/ J1 {答案和详解：
) V2 U3 ?& H& I' i: b* V

游客，如果您要查看本帖隐藏内容请回复

9 S8 s0 `# J' o  z2 o$ o
Question 70
. R$ u# e8 t/ V5 ~' ]1 P
) }  X( i& }; AEdelman Enginenering is considering including an overhead pulley system in this year's capital budget. The cash outlay for the pully system is $22,430. The firm's cost of capital is 14%. After-tax cash flows, including depreciation are $7,500 for each of the next 5 years.
2 u, [. U- g( sCalculate the internal rate of return (IRR) and the net present value (NPV) for the project, and indicate the correct accept/reject decision.
+ |+ n4 \5 F9 ^) \2 y/ N% b+ MNPV        IRR         Accept/Reject
A)    $15,070     14%        Accept
. ~4 G, J  c' x) h" t! XB)   $15,070     14%        Reject
! f" j/ p2 Z( j2 h! @6 k$ pC)   $3,318     20%        Accept
* f1 `/ I" }, ], N. D1 J9 R5 }D)   $3,318     20%        Reject

答案和详解：
' P3 k. g  y/ |: l. V$ \+ @8 Q

游客，如果您要查看本帖隐藏内容请回复

catherine

换个方式发布哦~
# ]# E" y0 R2 \# U: K- ]% x大家可以先做题目，然后再回复看答案哈~

Ean

THANKS!

fanfan

lxyz061524

。。。。。

hlbt930

8888888888888888888888888888888888888888888