Finance > Final Exam Review > FIN 108 INTERNATIONAL FINANCE CFI 2 (All)

FIN 108 INTERNATIONAL FINANCE CFI 2

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Which of the following is NOT a best practice for financial model inputs? Protect inputs by locking input cells Use colour to separate inputs from outputs Add comments to cells to give more information Data should only be entered once Complex financial models are all of the following EXCEPT: Review Later They are more prone to error due to size and complexity They typically model most outputs from first principles They offer users a high degree of precision They are easy to follow and audit Forecast the 2019 Cost of goods sold on the previous year’s number and the assumptions 2018 Actual 2019 Estimate Sales Growth 6% 8% Gross Margin 40% 40% Revenues 50,000 Cost of Goods Sold 27,000 Review Later 35,200 32,400 29,160 26,630 Forecast the accounts receivable for Company XYZ using the following annual information. • Receivable days assumption = 55 days • Payable days assumption = 69 days • Forecasted revenue = $263,500 • Forecasted cost of goods sold = $114,780 Review Later 21,698 17,296 39,705 49,812 5 What formula below can be used to forecast inventory? Review Later (Inventory days / Cost of sales) x 365 (Inventory days / 365) / Cost of sales (Inventory days / 365) x Cost of sales (Inventory / Cost of sales) x 365 Which of the following items can be found in a published cash flow statement under "operating activities"? Select ALL correct answers. Review Later Capital expenditures Dividends paid Depreciation Issuance of common stock Changes in operating assets and liabilities What is the total cash from operating activities based on the information below? • Net income: 500 • Depreciation: 80 • Increase in receivables: 100 • Increase in inventory: 50 • Increase in payables: 60 • 370 • 540 • 490 • 630 Calculate the end of the year cash balance based on the information below: • Beginning of the year cash balance: 2,000 • Net income: 300 • Depreciation: 140 • Positive changes in operating assets and liabilities: 60 • Acquisitions of PP&E: 580 • Dividends paid in the current year: 130 • Increase in long-term debt: 200 Review Later 2,470 1,990 1,310 1,710 Which Excel function or tool will you use to display the cells that are referred to by a formula in the selected cell? Review Later Trace Dependents Show Formulas Trace Precedents Go To Special – Formula What is the forecasted value of property, plan and equipment (PP&E) based on the following information: • Capital asset turnover ratio: 2.5 • Forecasted revenues: $120 • Forecasted costs of goods sold: $80 Review Later 48 52 40 32 What is the impact on cash flow from operations in the current year based on the net change in operating assets and liabilities listed below? Review Later 200 -200 -150 0 What’s the forecasted capital expenditure based on the information below? • Net PP&E beginning of period: 15,000 • Net PP&E end of period: 17,500 • Depreciation expenses: 2,400 Review Later -100 100 2,500 4,900 What’s the retained earnings end of period based on the information below? • Retained earnings beginning of period: 7,500 • Net income: 2,300 • Dividends paid: 1,700 Review Later 11,500 6,900 8,100 7,400 What’s the depreciation expense based on the information below? • Depreciation (percent of sales): 4% • Revenues: 60,000 • Gross profit: 25,000 • PP&E: 40,000 Review Later 1,000 2,600 2,400 1,600 What’s the forecasted EBIT based on the information below? • Revenues: 56,000 • Cost of goods sold: 32,000 • SG&A: 8,500 • Depreciation: 2,700 • Interest: 1,200 • Taxes: 3,800 Review Later 7,800 15,500 12,800 11,600

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