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FSA Quiz!

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

What’s the IT in EBITDA?

a)

Interest, Tax

b)

Income, Tax

c)

Interest, Tax rate

d)

Income, Tax rate

2.

When can Agency cost happen?

a)

Shareholders-Debtholders

b)

Management-Debtholders

c)

Management-Shareholders

d)

Agent-Principal

3.

What does SPVs and SPEs mean?​

a)

Special Plan Vehicles, Special Plan Entities

b)

Special Purpose Vehicles, Special Purpose Entities

c)

Specific Purpose Vehicles, Specific Purpose Entities

4.
a)

Income, Variable

b)

Profit, Fixed

c)

Profit, Variable

d)

Income, Fixed

5.

Tangible Net Worth = Total Assets – Total Liabilities –    ?   

a)

Licenses

b)

Trademarks

c)

Patents

d)

Copyrights

6.

What to do to prevent Fixed Charges Coverage from falling below requirement?

a)

Early recognition of expense

b)

Early recognition of revenue

c)

Delay recognition of expenses

d)

Delay recognition of revenue

7.

How to calculate rate per kwh:

Rate = ? / estimated total kwh

a)

Allowed profit

b)

Allowed return on capital

c)

Allowed revenue  

d)

Allowed cost

8.

If cost is lower than market value, Inventory should recorded at?

a)

cost

b)

market value

9.

From this table, do you think that Magee should approve the bonus payment?

a)

yes

b)

no

10.

Should management be given a bonus percentage way above the market average?

a)

yes

b)

no