更多"[单选题]Pro forma statements for a pro"的相关试题:
[单选题]When evaluating the timing of a project's projected cash flows, a financial manager is analyzing:
A. the amount of each expected cash flow.
B. only the start-up costs that are expected to require cash resources.
C. only the date of the final cash flow related to the project.
D. the amount by which cash receipts are expected to exceed cash outflows.
E. when each cash flow is expected to occur.
Difficulty: 1 Easy
[单选题]Next year's pro forma statement is based on an annual increase in sales of four percent. The firm is currently operating at 85 percent of capacity. Net working capital and all costs vary directly with sales. The tax rate and the dividend payout ratio are fixed. Given this information, the:
A. projected dividends must equal the current dividends.
B. depreciation expense will decrease by four percent.
C. retained earnings will increase by 85 percent of projected net income.
D. total assets will increase by less than four percent.
E. total liabilities and owners' equity will increase by four percent.
Difficulty: 1 Easy
Topic: Pro forma statements
Learning Objective: 04-01 Apply the percentage of sales method.
[单选题]Pro forma statements:
A. must assume that no new equity is issued.
B. are projections, not guarantees.
C. are limited to a balance sheet and income statement.
D. must assume that no dividends will be paid.
E. exclude net working capital needs.
Difficulty: 1 Easy
Topic: Pro forma statements
Learning Objective: 04-01 Apply the percentage of sales method.
[单选题]A pro forma statement indicates that both sales and fixed assets are projected to increase by 7 percent over their current levels. Given this, you can safely assume the firm:
A. is projected to grow at the internal rate of growth.
B. is projected to grow at the sustainable rate of growth.
C. currently has excess capacity.
D. is currently operating at full capacity.
E. retains all of its net income.
Difficulty: 1 Easy
Topic: Pro forma statements
Learning Objective: 04-01 Apply the percentage of sales method.
[单选题]Pro forma financial statements can best be described as financial statements:
A. expressed in a foreign currency.
B. where the assets are expressed as a percentage of total assets and costs are expressed as a percentage of sales.
C. showing projected values for future time periods.
D. expressed in real dollars, given a stated base year.
E. where all accounts are expressed as a percentage of last year's values.
Difficulty: 1 Easy
Topic: Pro forma statements
Learning Objective: 10-01 Determine the relevant cash flows for a proposed project.
[单选题]When constructing a pro forma statement, net working capital generally:
A. remains fixed.
B. varies only if the firm is currently producing at full capacity.
C. varies only if the firm maintains a fixed debt-equity ratio.
D. varies only if the firm is producing at less than full capacity.
E. varies proportionally with sales.
Difficulty: 1 Easy
Topic: Pro forma statements
Learning Objective: 04-01 Apply the percentage of sales method.
[单选题]When compiling a pro forma statement, which policy most directly affects the projection of the retained earnings account balance?
A. Net working capital policy
B. Capital structure policy
C. Dividend policy
D. Capital budgeting policy
E. Capacity utilization policy
Difficulty: 1 Easy
Topic: Pro forma statements
[单选题]A project's cash flow is equal to the project's operating cash flow:
A. plus the project's depreciation expense minus both the project's taxes and capital spending.
B. minus both the project's change in net working capital and capital spending.
C. minus the project's change in net working capital plus all of the depreciation expenses.
D. plus the project's depreciation expenses minus the project's taxes.
E. minus the project's taxes.
Difficulty: 1 Easy
Topic: Cash flows
Learning Objective: 10-01 Determine the relevant cash flows for a proposed project.
[判断题]Premiere Pro中存放素材的窗口是Project窗口
A.正确
B.错误
[单选题]A project's average net income divided by its average book value is referred to as the project's average:
A. net present value.
B. internal rate of return.
C. accounting return.
D. profitability index.
E. payback period.
Difficulty: 1 Easy
Topic: Average accounting return
Learning Objective: 09-04 Explain accounting rates of return and some of the problems with them.
[单选题]Assume you graph a project's net present value given various sales quantities. Which one of the following is correct regarding the resulting function?
A. The steepness of the function relates to the project's degree of operating leverage.
B. The steeper the function, the less sensitive the project is to changes in the sales quantity.
C. The resulting function will be a hyperbole.
D. The resulting function will include only positive values.
E. The slope of the function measures the sensitivity of the net present value to a change in sales quantity.
Difficulty: 1 Easy
Topic: Sensitivity analysis
Learning Objective: 11-01 Perform and interpret a sensitivity analysis for a proposed investment.
[单选题]An analysis of the change in a project's NPV when a single variable is changed is called ________ analysis.
A. forecasting
B. scenario
C. sensitivity
D. simulation
E. break-even
Difficulty: 1 Easy
Topic: Sensitivity analysis
Learning Objective: 11-01 Perform and interpret a sensitivity analysis for a proposed investment.
[单选题] She’s currently working ________ a project.
A. on
B. to
C. at
D. with
[单选题]Although the original budget for the project was one billion Yuan, ( ) the
Cost is likely to be 50% higher.虽然该项目原本的预算是10亿元，但最后可能会多出百分之50
A. locally
B. genuinely
C. similarly
D. eventually最后，终于
[单选题]Rossiter Restaurants is analyzing a project that requires $180,000 of fixed assets. When the project ends, those assets are expected to have an aftertax salvage value of $45,000. How is the $45,000 salvage value handled when computing the net present value of the project?
A. Reduction in the cash outflow at Time 0
B. Cash inflow in the final year of the project
C. Cash inflow for the year following the final year of the project
D. Cash inflow prorated over the life of the project
E. Excluded from the net present value calculation
Difficulty: 1 Easy
Topic: Net present value
Learning Objective: 09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.
[单选题]A project has a discounted payback period that is equal to the required payback period. Given this, the project:
A. will not be acceptable under the payback rule.
B. must have a profitability index that is equal to or greater than 1.0.
C. must have a zero net present value.
D. must have an internal rate of return equal to the required return.
E. will still be acceptable if the discount rate is increased.
Difficulty: 1 Easy
Topic: Discounted payback
Learning Objective: 09-03 Discuss the discounted payback rule and some of its shortcomings.
[单选题]The fact that a proposed project is analyzed based on the project's incremental cash flows is the assumption behind which one of the following principles?
A. Underlying value principle
B. Stand-alone principle
C. Equivalent cost principle
D. Salvage principle
E. Fundamental principle
Difficulty: 1 Easy
Topic: Project analysis and evaluation
Learning Objective: 10-01 Determine the relevant cash flows for a proposed project.
[单选题]Which one of the following methods of project analysis is defined as computing the value of a project based on the present value of the project's anticipated cash flows?
A. Constant dividend growth model
B. Discounted cash flow valuation
C. Average accounting return
D. Expected earnings model
E. Internal rate of return
Difficulty: 1 Easy
Topic: Net present value
Learning Objective: 09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.
[单选题]A project has a required payback period of three years. Which one of the following statements is correct concerning the payback analysis of this project?
A. The cash flows in each of the three years must exceed one-third of the project's initial cost if the project is to be accepted.
B. The cash flow in Year 3 is ignored.
C. The project's cash flow in Year 3 is discounted by a factor of (1 + R.3.
D. The cash flow in Year 2 is valued just as highly as the cash flow in Year 1.
E. The project is acceptable whenever the payback period exceeds three years.
Difficulty: 1 Easy
Topic: Payback
Learning Objective: 09-02 Discuss the payback rule and some of its shortcomings.
