CFA Level 1 － 模考试题(1)(PM) Q66-70

catherine

3 o2 ~! K1 _0 {; q4 K+ D% y
% C3 h6 z) c- P7 iQuestion 66
$ e7 h/ H7 u2 {
Which of the following items for a mutual funds company is least likely to be considered an operating item on the income statement?
A)    Interest income.
B)   Interest expense.
C)   Income tax expense.
1 l; x, z+ C1 F1 |" P" wD)   Financing expenses.

答案和详解：

游客，如果您要查看本帖隐藏内容请回复

+ U& y4 @% `9 Z8 O
Question 67

# f: {6 j# Z8 }+ r- O  [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:
" C2 O1 D, W  H) T$ }7 rTake-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
C)   decrease the current ratio       decrease the total debt-to-equity ratio
0 X$ i) ]; r3 W5 [  B. }D)   not affect the current ratio       increase the total debt-to-equity ratio
* e7 s/ S. }2 g* ?, o' G3 o; N
答案和详解：
0 q  b3 \2 `3 P' ^4 t! l' c* \

游客，如果您要查看本帖隐藏内容请回复

' I3 V( x! \' Z) X9 p) X. sQuestion 68

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
5 X$ o7 m! i( Z9 C) @  zB)   Increased risk of liquidity problems               Stable or improving liquidity position
C)   Increased risk of liquidity problems               Deteriorating liquidity position
8 Y2 g. H1 g# }D)   Stable or decreased risk of liquidity problems    Stable or improving liquidity position

! }5 b$ ?# h- j( e. ^2 E# q答案和详解：
0 G. i5 x( b1 F* M1 f- T! j

游客，如果您要查看本帖隐藏内容请回复

Question 69

$ _- `$ a7 i( s0 BAn analyst prepared the following selected horizontal common-size balance sheet data for Spider Corporation:



In the base year, Spider’s current ratio was 1.5. Spider’s current ratio as of December 31, 20X7 is closest to:
( `3 u- `; j2 g) ~0 b, @A)    0.86.
B)   1.50.
1 V! h* H% o. T" b) m* @- AC)   1.29.
/ {4 ]) d- j0 h5 HD)   1.16.

; G/ B: x5 g1 f5 f4 n* N( d" s答案和详解：

游客，如果您要查看本帖隐藏内容请回复

Question 70
4 p+ h) b; {- x7 b7 K: W/ {) a
Edelman 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.
Calculate the internal rate of return (IRR) and the net present value (NPV) for the project, and indicate the correct accept/reject decision.
  b. S7 x( M7 C: WNPV        IRR         Accept/Reject
A)    $15,070     14%        Accept
B)   $15,070     14%        Reject
4 X" S3 H- g0 K5 DC)   $3,318     20%        Accept
D)   $3,318     20%        Reject
1 z& T0 R. w. W" N6 ?( G) Z0 D
答案和详解：
( C$ u' E5 U8 J# ], N  s: G, W  D

游客，如果您要查看本帖隐藏内容请回复

6 l1 ?. O( {! w

catherine

换个方式发布哦~
8 {7 N/ Q& _7 Z' l大家可以先做题目，然后再回复看答案哈~

Ean

THANKS!

fanfan

lxyz061524

。。。。。

hlbt930

8888888888888888888888888888888888888888888