CPA Finance FIN Prüfungsfragen mit Lösungen:
1. It has been suggested that preference shares have the following attributes:
1.They are secured on the company's assets.
2.They pay a fixed percentage dividend.
3.They rank before creditors in the event of company liquidation.
4.Their dividends are not an allowable expense for taxation purposes.
Which of the above statements are correct?
A) 2 and 4
B) 1 and 3
C) 1 and 2
D) 2 and 3
2. It has been claimed that the weighted average cost of capital (WACC) should only be used to evaluate investment decisions, involving discounted cash flow calculations, where:
1.Theproposed project does not alter the business risk profile of the business.
2.TheWACC reflects the long-term capital structure of the business.
Which ONE of the following combinations (true/false) is correct?
A) Statement 1 = True, Statement 2 = True
B) Statement 1 = False, Statement 2 = True
C) Statement 1 = True, Statement 2 = False
D) Statement 1 = False, Statement 2 = False
3. 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 = True
B) Statement 1 = False, Statement 2 = True
C) Statement 1 = True, Statement 2 = False
D) Statement 1 = False, Statement 2 = False
4. Tamen Group Plc, a large conglomerate with businesses in a variety of different sectors, is considering a bid to acquire one of its manufacturing businesses. The senior managers in charge of the manufacturing businesses would leave Tamen Co in order to run that business as an independent company.
Which of the following terms would best describe this situation?
A) A demerger
B) A liquidation
C) A divestment
D) A spin-off
5. A public listed company has recently declared a dividend of $0.20 per share and maintains a constant dividend payout ratio of 40%. The market value of each share is $4.60 cum div and the nominal value of each share is $4.00.
The company pays 20% tax on its profits.
What is the price earnings ratio (ex div) of the company?
A) 8.8 times
B) 9.2 times
C) 11.0 times
D) 8.0 times
Fragen und Antworten:
| 1. Frage Antwort: A | 2. Frage Antwort: A | 3. Frage Antwort: B | 4. Frage Antwort: C | 5. Frage Antwort: A |
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