CPA BAR Business Analysis Financial Planning MCQs Test 4

General4 MCQs

1. What is days sales outstanding (DSO)?

A. DSO = 365 / Accounts Receivable TurnoverB. DSO = Accounts Receivable / Net Sales × 365C. DSO = 365 × Accounts Receivable TurnoverD. DSO = Net Sales / Accounts Receivable

2. What is days payable outstanding (DPO)?

A. DPO = 365 / Accounts Payable TurnoverB. DPO = Accounts Payable / Purchases × 365C. DPO = 365 × Accounts Payable TurnoverD. DPO = 365 / Accounts Payable Turnover

General4 MCQs

3. What does a negative cash conversion cycle indicate?

A. A negative CCC indicates poor working capital managementB. A negative CCC indicates the company collects cash before paying suppliersC. A positive CCC is always better than a negative CCCD. The CCC is not a useful metric for financial planning

4. What is the role of a budget committee?

A. The budget committee is the same as the board of directorsB. The budget committee is only involved in the planning phaseC. The budget committee coordinates the budgeting process and approves the final budgetD. The budget committee is responsible only for the sales budget

CPA BAR Business Analysis Financial Planning MCQs Test 4

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