You just need to download the PDF version of our BEC Latest Test Dumps Free exam prep, and then you will have the right to switch study materials on paper. We believe it will be more convenient for you to make notes. Our website is very secure and regular platform, you can be assured to download the version of our BEC Latest Test Dumps Free study torrent. Many students often start to study as the exam is approaching. Time is very valuable to these students, and for them, one extra hour of study may mean 3 points more on the test score. Because our products will help you solve the problem, it will never let you down if you decide to purchase and practice our BEC Latest Test Dumps Free latest question.
AICPA Certification BEC Just be confident to face new challenge!
Here comes BEC - CPA Business Environment and Concepts Latest Test Dumps Free exam materials which contain all of the valid BEC - CPA Business Environment and Concepts Latest Test Dumps Free study questions. Not only we offer the best Reliable BEC Test Topics training prep, but also our sincere and considerate attitude is praised by numerous of our customers. To cope with the fast growing market, we will always keep advancing and offer our clients the most refined technical expertise and excellent services about our Reliable BEC Test Topics exam questions.
Our company committed all versions of BEC Latest Test Dumps Free practice materials attached with free update service. When BEC Latest Test Dumps Free exam preparation has new updates, the customer services staff will send you the latest version. So we never stop the pace of offering the best services and BEC Latest Test Dumps Free practice materials for you.
AICPA BEC Latest Test Dumps Free - It is useless if you do not prepare well.
Annual test syllabus is essential to predicate the real BEC Latest Test Dumps Free questions. So you must have a whole understanding of the test syllabus. After all, you do not know the BEC Latest Test Dumps Free exam clearly. It must be difficult for you to prepare the BEC Latest Test Dumps Free exam. Then our study materials can give you some guidance. All questions on our BEC Latest Test Dumps Free study materials are strictly in accordance with the knowledge points on newest test syllabus. Also, our experts are capable of predicating the difficult knowledge parts of the BEC Latest Test Dumps Free exam according to the test syllabus. We have tried our best to simply the difficult questions. In order to help you memorize the BEC Latest Test Dumps Free study materials better, we have detailed explanations of the difficult questions such as illustration, charts and referring website. Every year some knowledge is reoccurring over and over. You must ensure that you master them completely.
Every day thousands of people browser our websites to select our BEC Latest Test Dumps Free exam materials. As you can see, many people are inclined to enrich their knowledge reserve.
BEC PDF DEMO:
QUESTION NO: 1
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: 2
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: 3
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: 4
A project's net present value, ignoring income tax considerations, is normally affected by the:
A. Proceeds from the sale of the asset to be replaced.
B. Carrying amount of the asset to be replaced by the project.
C. Amount of annual depreciation on the asset to be replaced.
D. Amount of annual depreciation on fixed assets used directly on the project.
Answer: A
Explanation:
Choice "a" is correct. A project's net present value is a function of current and future cash flows, including
proceeds from the sale of the old asset.
Choice "b" is incorrect. A project's net present value is a function of current and future cash flows.
The carrying amount of the asset does not affect cash flows.
Choice "c" is incorrect. A project's net present value is a function of current and future cash flows.
Depreciation is a noncash item and does not affect cash flows.
Choice "d" is incorrect. A project's net present value is a function of current and future cash flows.
Depreciation is a noncash item and does not affect cash flows.
QUESTION NO: 5
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).
When you try our part of AICPA certification Microsoft MB-920 exam practice questions and answers, you can make a choice to our Omgzlook. Now Omgzlook provide you a effective method to pass AICPA certification Amazon CLF-C02 exam. Dell D-RPVM-A-01 - Selecting Omgzlook, you will be an IT talent. IBM C1000-058 - Omgzlook can also promise if you fail to pass the exam, Omgzlook will 100% refund. In today's competitive IT industry, passing AICPA certification Cisco 300-815 exam has a lot of benefits.
Updated: May 26, 2022