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Before You Apply
FPAC Overview
Why the FPAC?
a) WACC
The discount rate at which two mutually projects have the same NPV is referred to as which of the following?
the FPAC Exam
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1
c) Accounting Rate of Return
d) IRR
INCORRECT
INCORRECT
CORRECT!
NEXT QUESTION
INCORRECT
b) Crossover Rate
INCORRECT
d) None of the Above
INCORRECT
c) Market Driven
CORRECT!
b) Involuntary
INCORRECT
a) Voluntary
NEXT QUESTION
A financial institution imposing negative debt covenants would be an example of what type of intervention?
2
INCORRECT
d) 110 days
INCORRECT
c) 50 days
CORRECT!
b) 40 days
INCORRECT
a) 80 days
NEXT QUESTION
Based on the values shown below,
what is the cash conversion cycle?
3
Days’ inventory outstanding = 60 days
Days’ sales outstanding = 20 days
Days’ payable outstanding = 30 days
INCORRECT
d) Specialized cost accounting and reporting tool
CORRECT!
c) Shared worksheet financial model
INCORRECT
b) Protected linked worksheet
INCORRECT
a) Specialized data collection and consolidation tool
NEXT QUESTION
To regularly gather data from a large number of persons and systems, such as for a budget, a best practice is to use what?
4
INCORRECT
d) There is no valid reason for using an entire row or
column in a range reference
INCORRECT
c) Prevents the practice of daisy chaining if the range
is used in multiple formulas
INCORRECT
b) Reduces chances for error if a row or column is
extended with more data
CORRECT!
a) Makes the calculation’s processing more efficient
Next step
When entering a formula in a worksheet, what is a valid reason for selecting an entire row or column for a range reference rather than just the specific range that contains the relevant data?
5
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Headquartered outside of Washington, D.C. and located regionally in Singapore, the Association for Financial Professionals (AFP) is the professional society committed to advancing the success of treasury and finance members and their organizations. AFP established and administers the Certified Treasury Professional and Certified Corporate
FP&A Professional credentials, which set standards of excellence in treasury and finance.
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