A company has current assets of $400,000, inventory of $150,000, prepaid expenses of $20,000, and current liabilities of $200,000. What is the quick (acid-test) ratio?
Cpa Bar Business Analysis
Question · Easy
ASC 606: the trailer
Short
Using the three-step DuPont identity, ROE equals which combination?
A firm has fixed costs of $300,000, sells units at $50, and has variable cost of $30 per unit. Break-even units equal:
Finance Exam Prep Podcast
Listen on Spotify
Podcast
A project requires $500,000 today and returns a single cash flow of $750,000 in 4 years. At a 10% discount rate, what is the NPV (rounded)?
Question · Medium
Internal Rate of Return (IRR) is best defined as the discount rate at which:
A company's payback period for a $200,000 project with annual cash inflows of $50,000 is:
A standard direct-materials variance shows: actual quantity 12,000 lbs, standard quantity for output 10,000 lbs, standard price $5/lb. The materials usage (quantity) variance is:
In transfer pricing, when no external market exists and the selling division has excess capacity, the appropriate minimum transfer price equals:
A company sells 10,000 units at $40 with variable costs of $25 and fixed costs of $100,000. The contribution margin ratio is:
The degree of operating leverage (DOL) at a given output level equals:
Days Sales Outstanding (DSO) of 60 days, with annual credit sales of $7,300,000, implies an average accounts receivable of approximately:
A firm's WACC is calculated using the after-tax cost of debt because:
A company's total asset turnover is 1.6 and net profit margin is 8%. Without using leverage, ROA equals:
For a cyclical manufacturer, which prospective analysis approach best captures revenue volatility under recessionary scenarios?
In COSO ERM (2017), the five interrelated components are Governance & Culture; Strategy & Objective-Setting; Performance; Review & Revision; and:
Working capital management focuses on:
A project's profitability index (PI) of 1.20 means:
A flexible budget for sales of 11,000 units (master budget at 10,000) reports total flexible-budget variable costs of:
In sensitivity analysis, the variable that is varied while all others remain constant to determine its impact on output is called the:
Which KPI is most appropriate for evaluating a SaaS subscription business's revenue durability?
A company reports inventory turnover of 6 and average inventory of $400,000. Cost of goods sold equals:
In the high-low method, the variable cost per unit is:
Operating cash flow ratio = Operating Cash Flow ÷ Current Liabilities. A ratio of 0.9 indicates:
An economic value added (EVA) calculation requires which of the following inputs?
A company manufactures two products in the same plant and is considering dropping Product B, which has a negative segment margin but positive contribution margin. Dropping B would:
Question · Hard
A 10% increase in selling price, 5% increase in unit volume, and no change in costs would have what directional effect on contribution margin ratio (CMR)?
Activity-based costing (ABC) most differs from traditional volume-based costing because ABC:
In a balanced scorecard, the four perspectives are Financial; Customer; Internal Business Processes; and:
A company is evaluating a make-or-buy decision. Relevant costs include:
A direct labor rate variance is calculated as:
A 5-year project has cash flows of −$1,000 (Year 0), $300, $300, $300, $300, $300. Simple payback period equals:
A market-based transfer price is generally preferred when:
A firm with high financial leverage will exhibit:
Customer lifetime value (CLV) most directly considers:
A company computes margin of safety in dollars as:
Sunk costs are:
A company's interest coverage (times-interest-earned) ratio is computed as:
A company's economic order quantity (EOQ) doubles when:
Process analysis using a value-stream map primarily identifies:
A government issues a long-term bond. The economic effect on a private-sector competitor is most directly captured through:
Under Porter's Five Forces, supplier bargaining power is high when:
A firm reports gross margin of 35% and operating margin of 12%. Operating expenses (excluding COGS) as a percentage of sales equal:
A long-term construction contract is best evaluated using:
Under sensitivity testing, an NPV that becomes negative when sales decline 5% indicates:
A budget variance of $20,000 favorable on overhead, with standard cost of $200,000, represents what percent of standard?
Under ASC 606, the five-step revenue recognition model begins with:
Cpa Bar Technical Accounting
Loading more…