Study guides, Class notes & Summaries

CFA Exam Questions with Correct Answers Which of the following practices is only used for cleaning up body fluid spills? - Answer-Placing yellow spill pads on fluid area Team Member wearing 3 pair of gloves Spraying disinfectant over yellow spill pads (or disposable towels) to saturate Which of the following practices helps Team Member to refrigerate or cook products promptly, thereby contributing to food safety? - Answer-Break larger food prep tasks into smaller tasks Prepare/assemble s...

Current Ratio - Answer- Current Assets divided by current liabilities Quick Ratio - Answer- Cash plus marketable securities plus receivables divided by current liabilities Cash Ratio - Answer- Cash plus marketable securities divided by current liabilities Defensive Interval Ratio - Answer- Cash plus marketable securities plus receivables divided by average daily expenditures Cash Conversion cycle - Answer- days in inventory plus days in accounts receivables minus days in accounts pay...

CFA Level 1 - Error Sets question with complete solution graded A+ 20233.Two years from now, a client will receive the first of three annual payments of $20,000 from a small business project. If she can earn 9 percent annually on her investments and plans to retire in six years, how much will the three business project payments be worth at the time of her retirement? - correct answer 7.Suppose you plan to send your daughter to college in three years. You expect her to earn two-thirds of her ...

CFA Level 2 Exam Questions and Answers (Graded A+) 2nd the cross-rate bids (offers) posted by a dealer must be lower (higher) than the implied cross-rate offers (bids) available in the interbank market. Recall that given exchange rate quotes for the currency pairs A/B and C/B, we can back out the implied cross rate of A/C, and that this implied cross-rate A/C must be consistent with the A/B and C/B rates. This again reflects the basic principle of arbitrage: If identical financial products ar...

CFA Level 1 – Economics Exam Questions and Answers (Definite Pass) When demand is less elastic than supply- consumers bear higher or lower burden - Answer-HIGHER When supply is less elastic than demand- consumers bear higher or lower burden - Answer-LOWER, suppliers will bear a higher burden Inelastic means more or less DWL - Answer-Less Three Constraints to Profit Maximization - Answer-TMI 1) Technological, 2) Informational, 3) Market Constraints Technological Efficiency - Answ...

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CFA Level 1 - Quantitative Methods Exam Questions with Complete Solutions Working Capital Management - Answer-The management of the company's short-term assets (such as inventory) and short term liabilities (such as money owed to suppliers). NPV Decision Rule - Answer-If the investments NPV is positive - Accept Project If the investments NPV is negative - Decline Project If the investor has 2 (Mutually Exclusive) projects - Accept the Higher NPV IRR Decision Rule - Answer-IRR is gr...

CFA level 1 Exam Questions with Correct Answers Payables turnover = COGS/avg payables = 1969/(361+346)/2 = 5.57 Days in payables = 365/payables turnover = 65.6 CCC = DOH +DSO - Days in Pay = 49.4+39.4-65.6=23.2 - Answer-find the cash conversion cycle sales COGS Interest 123 110 Cash 108 105 receivables 318 286 inventories 248 285 Payables 361 346 notes payable 50 99 the deferred tax liability equals the difference between the value for accounting and tax purposes times t...

Private value auctions - Answer- Value is subjective and different to each bidder Private value auctions - Answer- Value is subjective and different to each bidder Ascending price (English) auction - Answer- Bidders can bid amounts greater than the previous bid, and the bidder that first offers the highest bid wins the item and pays the amount Ascending price (English) auction - Answer- Bidders can bid amounts greater than the previous bid, and the bidder that first offers the highest b...