CFI CBCA Core Course Exam Questions And
Answers (Verified And Updated)
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Terms in this set (223)
What is the main goal of using To reduce mental effort
business writing fundamentals?
Which of the following statements The net profit margin ratio is high.
describes a "Capacity" strength or
weakness for a company in the 5 Cs
of credit framework?
Which of the following statements The risks associated with the industry are high.
describes a "Condition" strength or
weakness for a company in the 5 Cs
of credit framework?
Which of the following scenarios Financial reports are not widely shared and
would NOT be considered a performance measures have not been identified.
strength when assessing the
management team as part of
evaluating a company's character?
Which of the following ratios most High asset turnover ratio
likely indicates strong "Capacity" for
a company?
,Select the correct formula to Operating Margin Ratio = EBIT / Revenue
calculate the operating margin
ratio.
Select the correct formula to Inventory Turnover Ratio = Cost of Goods Sold /
calculate the inventory turnover Average Inventory
ratio.
Which of the following most likely Unutilized lines of credit or loans
indicates strong "Capital" for a
company?
Which of the following statements Collateral can be used as the main determinant
on collateral is NOT correct? of a credit decision.
Which of the following tools or PEST analysis
methods is used to assess the
general business environment?
Select the loan contract with the A demand loan with monthly payments secured
lowest risk. by assets
Which is not one of the three main Statement of equity
financial statements?
What does the balance sheet The financial strength of the business
indicate?
Financing activities Issuing shares and bonds
Operating activities Payments to suppliers; Depreciation and
amortization expense
Investing activities Buying and selling equipment
, Which is not a section in the Management discussion and analysis
financial statement note
disclosures?
Balance Sheet Retained earnings; Share captial
Income Statement Rent expense
Cash Flow Statement Sale of property, plant and equipment
If a company has net assets equal $2.1 million
to $3.25 million but is sold for $5.35
million, how much goodwill does
the acquirer record on their
balance sheet?
Intangible assets Items of value, which have no physical substance,
that are used to generate revenues
Authorized shares The total number of shares a company can sell
Contingencies Events that may or may not happen, depending
on certain circumstances
Commitments Future obligations that a company has agreed to
If a company issues 60,000 shares $3,000
at $0.25 each but the shares have a
par value of $0.20 each, what is the
resulting contributed surplus?
What line item is not found in the Debt issued or repurchased
statement of shareholders' equity?
Answers (Verified And Updated)
Save
Terms in this set (223)
What is the main goal of using To reduce mental effort
business writing fundamentals?
Which of the following statements The net profit margin ratio is high.
describes a "Capacity" strength or
weakness for a company in the 5 Cs
of credit framework?
Which of the following statements The risks associated with the industry are high.
describes a "Condition" strength or
weakness for a company in the 5 Cs
of credit framework?
Which of the following scenarios Financial reports are not widely shared and
would NOT be considered a performance measures have not been identified.
strength when assessing the
management team as part of
evaluating a company's character?
Which of the following ratios most High asset turnover ratio
likely indicates strong "Capacity" for
a company?
,Select the correct formula to Operating Margin Ratio = EBIT / Revenue
calculate the operating margin
ratio.
Select the correct formula to Inventory Turnover Ratio = Cost of Goods Sold /
calculate the inventory turnover Average Inventory
ratio.
Which of the following most likely Unutilized lines of credit or loans
indicates strong "Capital" for a
company?
Which of the following statements Collateral can be used as the main determinant
on collateral is NOT correct? of a credit decision.
Which of the following tools or PEST analysis
methods is used to assess the
general business environment?
Select the loan contract with the A demand loan with monthly payments secured
lowest risk. by assets
Which is not one of the three main Statement of equity
financial statements?
What does the balance sheet The financial strength of the business
indicate?
Financing activities Issuing shares and bonds
Operating activities Payments to suppliers; Depreciation and
amortization expense
Investing activities Buying and selling equipment
, Which is not a section in the Management discussion and analysis
financial statement note
disclosures?
Balance Sheet Retained earnings; Share captial
Income Statement Rent expense
Cash Flow Statement Sale of property, plant and equipment
If a company has net assets equal $2.1 million
to $3.25 million but is sold for $5.35
million, how much goodwill does
the acquirer record on their
balance sheet?
Intangible assets Items of value, which have no physical substance,
that are used to generate revenues
Authorized shares The total number of shares a company can sell
Contingencies Events that may or may not happen, depending
on certain circumstances
Commitments Future obligations that a company has agreed to
If a company issues 60,000 shares $3,000
at $0.25 each but the shares have a
par value of $0.20 each, what is the
resulting contributed surplus?
What line item is not found in the Debt issued or repurchased
statement of shareholders' equity?
