다운로드 CPA : FIN 질문 & 답 PDF & Test Software

재응시 비용을 생각하면 첫 응시에서의 철저한 준비가 무엇보다 중요합니다. PassTIP의 FIN 모의고사 80문항으로 CPA Finance 시험을 미리 경험해 보시기 바랍니다.

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최신 Other CPA Certification FIN 무료샘플문제

문제 #1

Aurora plc is considering an investment in a new process. The new process will require an increase in stocks of $30,000 during the first year. There will also be an increase in debtors outstanding of $40,000 and an increase of creditors outstanding of $35,000 during the first year. The new process will use machinery that was purchased immediately before the first year of operations at a cost of $300,000. The machinery is depreciated using the straight-line method and has an estimated life of five years and no residual value. During the first year, the net operating profit before depreciation from the new process is expected to be $180,000. The business uses the net present value method when evaluating investment proposals.
When undertaking the net present value calculations, what would be the estimated net cash flow during the first year of the project? (Ignore taxation)

A. $215,000
B. $85,000
C. $155,000
D. $145,000

문제 #2

Better Inc, a US-based company, expects to receive EUR800,000 in two months' time for consultancy services provided to the Austrian government. It wishes to be certain of the amount to be received and will use the derivatives market to achieve this.
Which one of the following actions should the company take NOW to hedge the risk?

A. Sell US dollar futures
B. Sell Euro futures
C. Buy US dollar options
D. Buy Euro futures

문제 #3

Company X pays an annual cash return to shareholders of 40 cents per share and this is expected to continue in perpetuity. The risk-free rate of return is 6% and the current average market rate of return is 10%. Company X's coefficient is 1.1.
What is the expected return from Company X, and what would be the predicted market value of company's shares?

A. Expected return 10.6%, Predicted value 377 cents
B. Expected return 10.4%, Predicted value 385 cents
C. Expected return 14.4%, Predicted value 278 cents
D. Expected return 61%, Predicted value 66 cents

문제 #4

Companies often invest temporary surplus cash to earn income. Consider the following statements:
1) The main advantage of short-term deposits with finance houses is that they are easily transferable to another investor should the company require cash sooner than previously thought.
2) Treasury bills are short-term instruments issued by government when they need money. They pay a small amount of cash interest on the sum invested.
Which ONE of the following combinations (true/false) is correct?

A. Statement 1 = True, Statement 2 = False
B. Statement 1 = False, Statement 2 = True
C. Statement 1 = True, Statement 2 = True
D. Statement 1 = False, Statement 2 = False

문제 #5

A large multinational business wishes to manage its currency risk. It has been suggested that
1.Matching receipts and payments can be used to manage translation risk.
2.Matching assets and liabilities can be used to manage economic risk.
Which ONE of the following combinations (true/false) concerning the above statements is correct?

A. Statement 1 = True, Statement 2 = False
B. Statement 1 = False, Statement 2 = True
C. Statement 1 = True, Statement 2 = True
D. Statement 1 = False, Statement 2 = False

질문과 대답: