Financial Management Paper 40

1

Which of the following is not a step in the development of the pro forma income statement?






2

The first step in preparing the pro forma balance sheet is to:






3

On the pro forma income statement, the increase in retained earnings is derived:






4

Most break-even analysis:






5

The indifference point identifies:






6

The key to current asset planning is:






7

Which of the following would not be important in examining the firm’s build-up of accounts receivable/cash/current assets:






8

An inverted yield curve often foreshadows:






9

If a firm has an average daily, remittance of $4,000,000 and 1.5 days in the collection process may be saved through a lockbox system, has the firm freed up any real funds for other investment?






10

The level of accounts receivable for the firm:






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