FIN 무료 덤프문제 온라인 액세스
| 시험코드: | FIN |
| 시험이름: | Finance |
| 인증사: | CPA |
| 무료 덤프 문항수: | 80 |
| 업로드 날짜: | 2026-09-03 |
The following statements about dividends and dividend policy were made at a recent
meeting:
1) According to the residual theory of dividend policy, once a company has invested in or retained sufficient profits for future positive net present value opportunities, it should pay out the remaining profit as dividends.
2) Companies generally try to smooth out dividend payments by adjusting gradually to changes in earnings, so as to avoid sending out confusing signals to investors.
3) Scrip dividends enable a company to declare dividends but avoid paying out cash. Instead existing shareholders are given new shares in the business at no extra cost to the shareholders.
Which combination of the above statements is true?
The following amounts are taken from a company's latest financial statements:
Sales revenue$3,074,000 Cost of Sales$1,884,000 Inventories$160,000 Trade receivables$514,000 Trade Payables$325,000
Based on the above amounts, what is the cash cycle of the company? (Assume one year is 365 days)
Pindar Co is an airport operator that is quoted on the Stock Exchange. Recently, the board of directors agreed to change the company's depreciation policy concerning airport runways. In future, these assets will be written off over 100 years rather than 50 years. This change is solely designed to increase reported profits over the next 50 years and thereby create a better impression to investors of company performance.
What is the maximum level of market efficiency that the board of directors is assuming to be consistent with suchbehavior?
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?
The following statements concerning market efficiency have been made:
1.Only markets which are strong-form efficient will not be affected by 'creative accounting' or 'window dressing' of accounts.
2.When a market is weak-form efficient, it is possible to predict future share price movements based on past trends of share price movements.
Which of the following combinations (true/false) is correct?