5 questions will be shown from a total of 30 free practice questions to prepare you for CFA level 1 exam. Enjoy!
1 / 5
1. Given the following data, determine the cash flow from operations:
Sales = USD2,100m Increase in inventory = USD200m Depreciation = USD125m Increase in accounts receivable = USD75m Decrease in accounts payable = USD70m After tax profit margin = 35% Gain on sale of machinery = USD30m
2 / 5
2. Henry Williamson, CFA, is also a Fellow of the Society of Actuaries (SOA). Henry is required to abide by the SOA’s Code of Conduct as a fellow. Part of that Code of Conduct is as follows: PRECEPT 4. An Actuary who issues an Actuarial Communication shall take appropriate steps to ensure that the Actuarial Communication is clear and appropriate to the circumstances and its intended audience and satisfies applicable standards of practice.
If Henry issues actuarial communications that do not adhere to the actuarial standards of practice, what Standard would Henry most directly violate?
3 / 5
3. Keisha is looking to avoid purchasing power risk as much as possible. She should consider investing in which type of security?
4 / 5
4. Asmita Mack, CFA, lives in the country of Onionland. Each morning, Asmita crosses the border to the neighboring country of WDC where she manages client portfolios. This morning, a positive earnings report was announced for HawkBlack, Inc. (ticker KANE). Asmita would like to invest in the stock and believes it would benefit her clients as well. WDC has a law that restricts portfolio managers from investing in securities owned by their clients. Onionland has no such law.
To comply with the Standard, what is the minimum that Asmita must do?
5 / 5
5. Medialink is an American company specializing in business intelligence consulting. One of Medialink’s current project is a 2-year commitment with Isotics, with a total estimated revenue of USD2.0 million and estimated cost of USD1.0 million. Costs are expected to be spread out evenly over each month.
After the first month, under IFRS, Medialink’s recognized revenue is expected to be closest to:
Your score is
The average score is 61%
Practice Again
腦海中有大膽的想法嗎分別並告訴我們
腦海中有大膽的想法嗎