To ensure excellent score in the exam, BEC Book braindumps are the real feast for all exam candidates. They contain questions and answers on all the core points of your exam syllabus. Most of these questions are likely to appear in the BEC Book real exam. Wanting to upgrade yourself, are there plans to take AICPA BEC Book exam? If you want to attend BEC Book exam, what should you do to prepare for the exam? Maybe you have found the reference materials that suit you. And then are what materials your worthwhile option? Do you have chosen Omgzlook AICPA BEC Book real questions and answers? If so, you don't need to worry about the problem that can't pass the exam. We have considerate services as long as you need us.
AICPA Certification BEC At first, it can be only used on PC.
Different from other similar education platforms, the BEC - CPA Business Environment and Concepts Book quiz guide will allocate materials for multi-plate distribution, rather than random accumulation without classification. Our BEC Valid Study Materials free dumps demo will provide you some basic information for the accuracy of our exam materials. All questions and answers in our BEC Valid Study Materials real dumps are tested by our certified trainers with rich experience and one or two days is enough for you practicing valid BEC Valid Study Materials exam pdf.
We will send our BEC Book exam guide within 10 minutes after your payment. You can check your mailbox ten minutes after payment to see if our BEC Book exam guide are in. What we attach importance to in the transaction of latest BEC Book quiz prep is for your consideration about high quality and efficient products and time-saving service.
AICPA BEC Book - You’ve heard it right.
Having been handling in this line for more than ten years, we can assure you that our BEC Book study questions are of best quality and reasonable prices for your information. We offer free demos of the latest version covering all details of our BEC Book exam braindumps available at present as representatives. So BEC Book practice materials come within the scope of our business activities. Choose our BEC Book learning guide, you won't regret!
Besides, the pollster conducted surveys of public opinions of our BEC Book study engine and get desirable outcomes that more than 98 percent of exam candidates feel rewarding after using our BEC Book actual exam. And we enjoy their warm feedbacks to show and prove that we really did a good job in this career.
BEC PDF DEMO:
QUESTION NO: 1
Which of the following statements regarding the existence of substitute products is true?
A. The impact of substitutes will have more of an effect on the competitive environment of a firm if the
substitutes are readily available for customers to obtain.
B. When the cost of buyers switching to new products is high, the effect of substitutes on the competitive
environment of a firm is high.
C. If many close substitutes exist, buyers have little choice of products and may be willing to pay a higher
price for the products that are available.
D. If substitutes have equal performance and are priced at or below the firm's product, the competitive
force of substitutes with respect to the firm is weak.
Answer: A
Explanation:
Choice "a" is correct. The impact of substitutes will have more of an effect on the competitive environment
of a firm if the substitutes are readily available to consumers.
Choice "b" is incorrect. When the cost of buyers switching to new products is low (not high), the effect of
substitutes on the competitive environment of a firm is high.
Choice "c" is incorrect. If few (not many close) substitutes exist, buyers have little choice of products and
may be willing to pay a higher price for the products that are available.
Choice "d" is incorrect. If substitutes have equal performance and are priced at or below the firm's product,
the competitive force of substitutes with respect to the firm is strong (not weak).
QUESTION NO: 2
A working capital technique that increases the payable float and, therefore, delays the outflow of cash is:
A. Concentration banking.
B. A draft.
C. A lock-box system.
D. The use of a local post office box.
Answer: B
Explanation:
Choice "b" is correct. A draft is a working capital technique that increases the payable float and, therefore,
delays the outflow of cash.
Each of the three following choices accelerate the flow of cash and/or data:
Choice "a" is incorrect. Concentration banking automatically channels funds from every source of the business into a single usable account, thus quickly identifying available funds each day, and moving them
to accounts that have funding requirements that day, and investing the remainder in short-term, interestbearing instruments until needed.
Choice "c" is incorrect. A lock-box system is simply a central collection location that receives payment checks (generally, the bank where a central checking account is maintained by the firm).
Choice "d" is incorrect. The use of a local post office box allows more rapid access to mail than actual delivery to a street address.
QUESTION NO: 3
If a firm increases its cash balance by issuing additional shares of common stock, working capital:
A. Remains unchanged and the current ratio remains unchanged.
B. Increases and the current ratio remains unchanged.
C. Increases and the current ratio decreases.
D. Increases and the current ratio increases.
Answer: D
Explanation:
Choice "d" is correct. If a firm increases its cash balance by issuing additional shares of common stock,
working capital increases and the current ratio increases.
QUESTION NO: 4
Youngsten Electric is contemplating new projects for the next year that will require
$30,000,000 of new
financing. In keeping with its capital structure, Youngsten plans to use debt & equity financing as follows:
* Issue $10,000,000 of 20-year bonds at a price of 101.5, with a coupon of 10%, and flotation costs of
2 .5% of par value.
* Use internal funds generated from earnings of $20,000,000.
The equity market is expected to earn 15%. U.S. treasury bonds currently are yielding 9%. The beta coefficient for Youngsten's common stock is estimated to be .8. Youngsten is subject to a 40% corporate
income tax rate. Youngsten has a price/earnings ratio of 10, a constant dividend payout ratio of 40%, and
an expected growth rate of 12%.
An analysis of Youngsten's planned equity financing using Capital Asset Pricing Model (or Security
Market Line) would incorporate only the:
A. Expected market earnings, the current U.S. Treasury bond yield, and the beta coefficient.
B. Expected market earnings and the price' earnings ratio.
C. Current U.S. Treasury bond yield, the price/earnings ratio, and the beta coefficient.
D. Current U.S. Treasury bond yield and the dividend payout ratio.
Answer: A
Explanation:
Choice "a" is correct. The capital asset pricing model formula is:
R = RF + B (RM-RF)
Where:
R = Required return rate on equity
RF = Risk free rate earned on U.S. treasury bonds.
B = Beta coefficient
RM = Expected market return (earnings).
Choices "b", "c", and "d" are incorrect, per the above Explanation:.
QUESTION NO: 5
Demand for a product tends to be price inelastic if:
A. The product is considered a luxury item.
B. Few good complements for the product are available.
C. People spend a large share of their income on the product.
D. Few good substitutes are available for the product.
Answer: D
Explanation:
Choice "d" is correct. Demand for a product tends to be price inelastic if few good substitutes are available
for the product. Even if price increases, consumers are then unable to switch to substitute goods, because there aren't any.
Choice "a" is incorrect. Luxury items may have good substitutes available.
Choice "b" is incorrect. Complementary goods are those whose demand fluctuates in unison; substitute
goods are more relevant here.
Choice "c" is incorrect. If consumers spend a large share of their income on the product, they will be very
sensitive to any price changes and hence product demand would be more "elastic."
Oracle 1z1-819 study engine is very attentive to provide a demo for all customers who concerned about our products, whose purpose is to allow customers to understand our product content before purchase. The latest SAP C_THR94_2405 quiz torrent can directly lead you to the success of your career. Our considerate service is not only reflected in the purchase process, but also reflected in the considerate after-sales assistance on our Fortinet NSE6_FNC-7.2 exam questions. The PDF version of our EMC D-NWR-DY-23 test braindumps provide demo for customers; you will have the right to download the demo for free if you choose to use the PDF version. SAP C_S4CS_2408 - We only use the certificated experts and published authors to compile our study materials and our products boost the practice test software to test the clients’ ability to answer the questions.
Updated: May 26, 2022