WALL STREET PREP PREMIUM
COMPREHENSIVE STUDY GUIDE 2026
QUESTIONS WITH ANSWERS GRADED A+
⩥ COGS. Answer: anything related directly to production of goods
being sold
⩥ Operating Expenses. Answer: Costs involved in operating a business,
such as rent, utilities, and salaries.
⩥ D&A useful life =. Answer: Cost(gross depreciable PP&E / annual
depreciaiton
⩥ net income =. Answer: revenue - exspenses
⩥ gross profit. Answer: revenue - COGS
⩥ EBITDA. Answer: revenue - cogs - operating exspenses
⩥ EBIT =. Answer: EBITDA - D&A
⩥ non-cash exspenses. Answer: D&A, SBC
, ⩥ Cash flow statement. Answer: the total amount of cash that a company
generates over a period of time
⩥ Unlevered Free Cash Flow (UFCF) =. Answer: EBIT*(1-tax rate) +
D&A + Deferred Taxes + Other non cash items - Working Capital
Charges - Capital Expenditures
EBITDA - taxes - capex - change NWC
⩥ Balance sheet. Answer: snapshot in time of a companies assets,
liabilities, and equity all in balance
⩥ Equity =. Answer: assets - liabilities
⩥ assets. Answer: things that will generate cash in the future, but
decrease cash in present
⩥ liabilities. Answer: things that will reduce cash in future but increase
cash in present
⩥ accounts recievable. Answer: money owed to a company by its
customers for already recieved goods and services
COMPREHENSIVE STUDY GUIDE 2026
QUESTIONS WITH ANSWERS GRADED A+
⩥ COGS. Answer: anything related directly to production of goods
being sold
⩥ Operating Expenses. Answer: Costs involved in operating a business,
such as rent, utilities, and salaries.
⩥ D&A useful life =. Answer: Cost(gross depreciable PP&E / annual
depreciaiton
⩥ net income =. Answer: revenue - exspenses
⩥ gross profit. Answer: revenue - COGS
⩥ EBITDA. Answer: revenue - cogs - operating exspenses
⩥ EBIT =. Answer: EBITDA - D&A
⩥ non-cash exspenses. Answer: D&A, SBC
, ⩥ Cash flow statement. Answer: the total amount of cash that a company
generates over a period of time
⩥ Unlevered Free Cash Flow (UFCF) =. Answer: EBIT*(1-tax rate) +
D&A + Deferred Taxes + Other non cash items - Working Capital
Charges - Capital Expenditures
EBITDA - taxes - capex - change NWC
⩥ Balance sheet. Answer: snapshot in time of a companies assets,
liabilities, and equity all in balance
⩥ Equity =. Answer: assets - liabilities
⩥ assets. Answer: things that will generate cash in the future, but
decrease cash in present
⩥ liabilities. Answer: things that will reduce cash in future but increase
cash in present
⩥ accounts recievable. Answer: money owed to a company by its
customers for already recieved goods and services
