Question 1. Which of these is not an attribute of an economic moat? A.Low-cost producer. B.Technological expertise. C.Network effect. D.Switching costs. Question 2.Which of the following represents a logical observation? A.Management teams should focus primarily on revenue growth, since revenue growth will always result in increased net income. B.An increase in revenues will typically be accompanied by an increase in cost of goods sold. The goal is to have the revenue increase outpace the increase in cost of goods sold. C.An increase in net income is typically the result of increases in revenues accompanied by greater increases in cost of goods sold and operating expenses. D.Managements' goal should be to develop strategies focused on improving nonoperating returns instead of strategies focused on improving operating income. Question 3.Which of the following is false? A.The keystroke to show a formula is F2 B.The keystroke for fill right is CTRL+R C.The keystroke for create a comment is ALT + R+D D.The keystroke for copy is CTRL+C Question 4.What is the keyboard shortcut needed to split screens and jump from pane to pane? A.ALT + W + SF4 B.ALT + W+S F6 C.ALT +W+F+F F6 D.ALT + W+S CTRL Tab Question 5.The statement of cash flows segregates cash inflows and outflows by: A.Operating and financing activities B.Operating and investing activities C.Financing and investing activities D.Operating, investing and financing activities Styles Paragraph Question 6.Best practices and "rules of thumb" for spreadsheet use include all but one of the following: A.Convert to negative using the calculation *-1 for all sign changes. B.Place assumptions together on one page. C.Hide rows and columns instead of grouping, D.Always link to the initial source data. Question 7. Which of the following is false? A.The keystroke for grouping columns or rows is ALT +A+G+G B.The keystroke for print is CTRL + P C.The keystroke for formatting cells is CTRL + 1 D.The keystroke for undo is CTRL + Y Question 8.Best practices for formatting financial statements include all but one of the following: A.Using CTRL B to bold major line items and their amounts. B.Placing $ signs by all dollar amounts. C.Using CTRL 1 to center across account titles. D.Using ALT +H+ 6 to indent line items. Question 9.Which of the following assets would be classified as current assets on the balance sheet? A.Cash equivalents, inventory, prepaid expenses. B.Cash, accounts payable, deferred income taxes. C.Inventory, goodwill, deferred revenue. D.Accounts receivable; prepaid expenses; property, plant & equipment. Question 10. Which of the following is false with respect to the Statement of Cash Flows? A.Cash outflows from investing activities typically revolve around spending for capex and the payment of debt. B.Share repurchases and dividend payments will create cash outflows for financing activities. C.Financing activities include fund flows related to stock issuances, debt, share repurchases, and dividend payments. D.Investing activities include expenditures for property, plant and equipment (capex), expenditures for intangible assets, and cash flows from security investment activities. Question 11.The changes that occurred during the current period for retained earnings and treasury ctack will bo found in the Question 11.The changes that occurred during the current period for retained earnings and treasury stock will be found in the: A.Statement of Shareholders' Equity B.Income Statement C.Balance Sheet D.Statement of Cash Flows Question 12.What does a balance sheet summarize? A.Financial position at a point in time. B.Profit or loss at a point in time. C.Financing and investing activities for a period. D. Operating results for a period. Question 13. Which of the following is considered the least important item from a Form 10-K for analyzing a business like APPLE? A.ltem 6 - Selected Financial Data B.Item 1 - Business C.Item 4 - Mine Safety Disclosures D.Item 1A - Risk Factors E.Item 7 - Management's Discussion & Analysis F.Item 8 - Financial Statements & Supplementary Data Question 14. Which of the following does not factor in to the calculation of cash flows from operating activities under the indirect method? A.The Bad debt expense associated with the allowance for doubtful accounts
