CFI FMVA Final Exam Flash Cards
Questions and Correct Answers Verified
Answers
Which of the following components is not necessary to have in every
master budget?
Direct material purchase budget
What does variable cost with economies of scale mean?
The higher the volume of output, the less it costs to produce one extra
unit
Before protecting a worksheet to avoid people from editing the
formulas, you must
unlock the input cells
The annual accounts receivable is 3,000; the annual sales 40,000, and
the gross profit margin is 40%.
The receivable days estimated from the data above is _____.
27.4
The PP&E gross book value at the start of the month is 60,000, and
the CAPEX of the month is 12,000. The accumulated depreciation at
the start of the month is 25,000; the depreciation expense of the
month is 750. The net book value of PP&E calculated from the data
above is _____.
46,250
, Simple interest is important framework to start learning about Time
value of MoneyIf you are going to receive $2,000 in six years from
now, how much is that worth today, assuming 5% annual simple
interest?
$1,538.46
The formula contained in the yellow highlighted cell (I39) is = ( ,
I9,I24). This formula can be copied over to the entire live scenario
section without any manual modification. (Hint: do not forget to use
absolute references.)
You should perform sensitivity analysis when:
You need to determine which assumptions matter the most
Which charts would be better choices to visualize a company's actual
performance ratio in comparison to a target ratio? Select TWO best
answers.
Two-series line chart, column and marker chart
Building a heat map would be an appropriate way to visualize data in
which of the following?
Sensitivity Analysis
If the last data point in this chart is the accumulated total (1258),
what will you do to set up the chart properly?
Right click the last data point and select "Set as Total"
If you wanted to insert the same company logo onto the right-hand
corner of every slide in the pitchbook (footer), which of the following
slide views would you open to complete the task the quickest?
Slide Master
Questions and Correct Answers Verified
Answers
Which of the following components is not necessary to have in every
master budget?
Direct material purchase budget
What does variable cost with economies of scale mean?
The higher the volume of output, the less it costs to produce one extra
unit
Before protecting a worksheet to avoid people from editing the
formulas, you must
unlock the input cells
The annual accounts receivable is 3,000; the annual sales 40,000, and
the gross profit margin is 40%.
The receivable days estimated from the data above is _____.
27.4
The PP&E gross book value at the start of the month is 60,000, and
the CAPEX of the month is 12,000. The accumulated depreciation at
the start of the month is 25,000; the depreciation expense of the
month is 750. The net book value of PP&E calculated from the data
above is _____.
46,250
, Simple interest is important framework to start learning about Time
value of MoneyIf you are going to receive $2,000 in six years from
now, how much is that worth today, assuming 5% annual simple
interest?
$1,538.46
The formula contained in the yellow highlighted cell (I39) is = ( ,
I9,I24). This formula can be copied over to the entire live scenario
section without any manual modification. (Hint: do not forget to use
absolute references.)
You should perform sensitivity analysis when:
You need to determine which assumptions matter the most
Which charts would be better choices to visualize a company's actual
performance ratio in comparison to a target ratio? Select TWO best
answers.
Two-series line chart, column and marker chart
Building a heat map would be an appropriate way to visualize data in
which of the following?
Sensitivity Analysis
If the last data point in this chart is the accumulated total (1258),
what will you do to set up the chart properly?
Right click the last data point and select "Set as Total"
If you wanted to insert the same company logo onto the right-hand
corner of every slide in the pitchbook (footer), which of the following
slide views would you open to complete the task the quickest?
Slide Master
