Wall Street Prep EXAM STUDY GUIDE 2026/2027 COMPLETE QUESTIONS WITH VERIFIED CORRECT ANSWERS || 100% GUARANTEED PASS NEWEST VERSION

Wall Street Prep EXAM STUDY GUIDE 2026/2027 COMPLETE QUESTIONS WITH VERIFIED CORRECT ANSWERS || 100% GUARANTEED PASS NEWEST VERSION =EOMONTH - ANSWER takes start date, and returns the number that is the given number of months away from your input (hold date) What are some things under the inputs and drivers tab? - ANSWER property overview, timing assumptions, purchase price, sale price, revenue drivers, expense drivers, capital expenditures What are some things under the model tab? - ANSWER Occupancy, revenues, operating expenses, non-operating expenses, purchase and sale, financial, and JV waterfall What are some things under the transaction summary tab? - ANSWER sources and uses, investment returns, yield summary, exit summary, debt summary, revenue and expense summary Three types of models are - ANSWER multifamily, commercial, development What are the 5 major types of properties - ANSWER multifamily, office, retail, industrial and hotel NOI formula - ANSWER total income-total expense Income Statement - ANSWER Shows the revenue and expenses over period of time 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 accounts payable - ANSWER money we owe others for goods and services already received ex: using credit to buy something accrued exspenses - ANSWER expenses incurred but not yet paid for -- expenses we know we are going to have to regularly pay (subscriptions) but have not received invoice yet deferred revenue - ANSWER cash received for products and services that you have not yet earned ex: we sell a subscription for $10 a month, upfront we get $1200 but that goes into deferred revenue LIFO Accounting (Last In, First Out) - ANSWER the last inventory we buy is what is first recognized as COGS when prices are rising -- COGS more expensive -- profits lower -- taxes lower FIFO Accounting (First In, First Out) - ANSWER the first inventory we buy is what is first recognized as COGS when prices are rissing -- COGS lower -- profits higher -- taxes higher NWC - ANSWER current assets - current liabilities decrease in NWC = source of cash Assets - ANSWER resources a company uses to operate its business includes cash, A/R, PP&E Liabilities - ANSWER represents the company's contractual obligations and includes A/P, debt, accrued expenses Shareholder's equity - ANSWER is the residual the value of the business available to the owners (shareholders) after debts have been paid off Income statement - ANSWER illustrates the profitability of the company over a specified period of time broad sense: shows revenue-expenses Balance sheet - ANSWER snapshot of the company economic resources and funding for those resources at a given point in time (A = L + SE) Revenue - ANSWER "top-line" represents the sale of goods and services it is recorded when earned (even though cash might not have been received at the time of transaction) Expenses - ANSWER netted against revenue to arrive at net income COGS (directly associate with good production), SG&A (indirectly associated with production), interest expense (expense related to paying debt holders periodic payments), taxes, depreciation expense (non-cash expense accounting for the use of PP&E, often imbedded within COGS and SG&A) Net income - ANSWER "bottom-line" revenue-expenses the profitability available to common shareholder's after debt payments have been made (interest expense)