BuboFlash - helps with learning

Edited, memorised or added to reading queue

Do you want BuboFlash to help you learning these things? Click here to log in or create user.

Flashcard 1430486650124

Tags

#cfa #cfa-level-1 #economics #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4

Question

Certainly, there could be no demand curve that is perfectly vertical at all possible prices, but over some range of prices it is not unreasonable that the same quantity would be purchased at a [...] or a [...]

Answer

slightly higher price

slightly lower price.

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Parent (intermediate) annotation

Open it
Certainly, there could be no demand curve that is perfectly vertical at all possible prices, but over some range of prices it is not unreasonable that the same quantity would be purchased at a slightly higher price or a slightly lower price.

Original toplevel document

4.1. Own-Price Elasticity of Demand
points: vertical demand curves and horizontal demand curves. Consider a vertical demand curve, as in Exhibit 21 Panel A, and a horizontal demand curve, as in Panel B. In the first case, the quantity demanded is the same, regardless of price. Certainly, there could be no demand curve that is perfectly vertical at all possible prices, but over some range of prices it is not unreasonable that the same quantity would be purchased at a slightly higher price or a slightly lower price. Perhaps an individual’s demand for, say, mustard might obey this description. Obviously, in that price range, quantity demanded is not at all sensitive to price and we would say that de

Flashcard 1430511815948

Tags

#cfa #cfa-level-1 #economics #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4

Question

Demand and supply functions are known as [...] equations because they model the behavior of, respectively, buyers and sellers.

Answer

behavioral equations

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Parent (intermediate) annotation

Open it
behavioral equations because they model the behavior of, respectively, buyers and sellers.

Original toplevel document

3.6. Market Equilibrium
the supply function and solving for price. Recall that in our hypothetical example of a local gasoline market, the demand function was given by Qdx=f(Px,I,Py) , and the supply function was given by Qsx=f(Px,W) . Those expressions are called behavioral equations because they model the behavior of, respectively, buyers and sellers. Variables other than own price and quantity are determined outside of the demand and supply model of this particular market. Because of that, they are called exogenous variables . Pric

Flashcard 1439260347660

Tags

#eximbank #key-features-of-direct-loans #octopus #usa

Question

Direct loans support [...] of the U.S. contract price.

Answer

85 percent

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Parent (intermediate) annotation

Open it
Direct loans support 85 percent of the U.S. contract price.

Original toplevel document

Government-Assisted Foreign Buyer Financing (Eximbank USA)
rrencies. Guaranteed loans have a faster documentation process with the assistance of commercial banks. There are no U.S. vessel shipping requirements for amounts less than $20 million. Key Features of Ex-Im Bank Direct Loans Fixed-rate loans are provided directly to creditworthy foreign buyers. Direct loans support 85 percent of the U.S. contract price. Exporters will be paid in full upon disbursement of a loan to the foreign buyers. Generally, goods shipped by sea must be carried exclusively on U.S. vessels. Direct loans are best used when the buyer insists on a fixed rate. Fees and Ex-Im Bank Contact Information Letter of interest: $50 for online application; $100 for paper application via mail and fax.

Flashcard 1474084867340

Tags

#cfa-level-1 #reading-22-financial-statement-analysis-intro

Question

The SEC requires listed companies to provide an [...] and specifies the content.

Answer

MD&A

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Parent (intermediate) annotation

Open it
n the United States, the SEC requires listed companies to provide an MD&A and specifies the content.

Original toplevel document

3.1.6. Management Commentary or Management’s Discussion and Analysis
content elements include 1) the nature of the business; 2) management’s objectives and strategies; 3) the company’s significant resources, risks, and relationships; 4) results of operations; and 5) critical performance measures. In the United States, the SEC requires listed companies to provide an MD&A and specifies the content.7 Management must highlight any favorable or unfavorable trends and identify significant events and uncertainties that affect the company’s liquidity, capital resources, and results of o

Flashcard 1613732908300

Tags

#cfa-level-1 #corporate-finance #understanding-cashflow-statements

Question

Which activities involve the cash effects of transactions that enter into the determination of net income?

Answer

Operating activities

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Subject 1. Classification of Cash Flows and Non-Cash Activities
the company's liquidity, solvency, and financial flexibility. Cash receipts and cash payments during a period are classified in the statement of cash flows into three different activities: Operating Activities These involve the cash effects of transactions that enter into the determination of net income and changes in the working capital accounts (accounts receivable, inventory, and accounts payable). Cash flows from operating activities (CFOs) reflect the company's ability to generate sufficient cash from its continuing operati

Flashcard 1613763317004

Tags

#cfa-level-1 #corporate-finance #understanding-cashflow-statements

Question

How do you know if an interest/dividend item is an operating activity?

Answer

if it appears on the income statement

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Subject 1. Classification of Cash Flows and Non-Cash Activities
es, are considered operating activities, but dividends paid are considered financing activities. Note that interest expense is reported on the income statement while dividends flow through the retained earnings statement. Remember that an interest/dividend item is an operating activity if it appears on the income statement. For example, payments of dividends do not appear on the income statement, and thus are not classified as operating activities. All income taxes are considered o

Flashcard 1613908544780

Tags

#cfa-level-1 #corporate-finance #understanding-cashflow-statements

Question

Issue or retirement of long-term debt is part of [...] activities.

Answer

Financing Activities

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Subject 1. Classification of Cash Flows and Non-Cash Activities
sed by dividends is determined by dividends paid, not dividends declared. Dividends paid are not reflected in the retained earnings account. The amount is provided in the supplementary information. Issue or repurchase of the company's stocks. Issue or retirement of long-term debt (including the current portion of long-term debt). Purchase of debt and equity securities from other entities (sale of debt or equity securities of other entities) and loans to other entities (collection of loans to other e

Flashcard 1613913263372

Tags

#cfa-level-1 #corporate-finance #understanding-cashflow-statements

Question

issuance of debt and equity is a [...] cash inflow.

Answer

financing

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Subject 1. Classification of Cash Flows and Non-Cash Activities
). Purchase of debt and equity securities from other entities (sale of debt or equity securities of other entities) and loans to other entities (collection of loans to other entities) are considered investing activities. However, issuance of debt (bonds and notes) and equity securities is a financing cash inflow, and payment of dividend, redemption of debt, and reacquisition of capital stock are financing cash outflows. Non-cash Activities Some investing and financing activities do not flow through the statement of cash flows because they don't require the use of cash: &

Flashcard 1613927419148

Tags

#cfa-level-1 #corporate-finance #understanding-cashflow-statements

Question

Exchanging one non-cash asset for another non-cash asset. [...] Activities

Answer

Non-cash Activities

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Subject 1. Classification of Cash Flows and Non-Cash Activities
f cash: Retiring debt securities by issuing equity securities to the lender. Converting preferred stock to common stock. Acquiring assets through a capital lease. Obtaining long-term assets by issuing notes payable to the seller. Exchanging one non-cash asset for another non-cash asset. The purchase of non-cash assets by issuing equity or debt securities. For example, if a company purchases $200,000 of land by issuing a long-term bond, this transaction is

Flashcard 1615974501644

Tags

#cashflow-statement

Question

How does the reporting of investing and financing activities differ in both methods [...] .

Answer

the same for both direct and indirect methods

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Subject 2. Preparing the Cash Flow Statement
are acceptable for financial reporting purposes. However, the direct method discloses more information about a company. Partly because companies want to limit information disclosed, the indirect method is more commonly used. The reporting of investing and financing activities is the same for both direct and indirect methods. Only the reporting of CFO is different. Direct Method Under the direct method, the statement of cash flows reports net cash flows from operations as major clas

Flashcard 1615983938828

Question

the indirect method adjusts net income for items that [...] but did not affect cash.

Answer

affected reported net income

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Subject 2. Preparing the Cash Flow Statement
ows from operating activities fall into three categories: non-cash expenses, timing differences, and non-operating gains and losses. Adjustments reconcile net income (accrual basis) to net cash flows from operating activities. In other words, the indirect method adjusts net income for items that affected reported net income but did not affect cash. The four-step process: 1. Start with net income. 2. Add back non-cash charges such as depreciation and amortization of intangibles. Cash payments

Flashcard 1615999405324

Tags

#cashflow-statement #indirect-method

Question

Why do they add back losses and subtract gains from investing or financing activities?

Answer

The gains and losses from the disposal of fixed assets appear on the income statement and the cash flow will appear as an investing activity

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Subject 2. Preparing the Cash Flow Statement
r allocation of original purchase cost to this period. As a result, expenses increase without a corresponding cash outlay. Since depreciation does not affect cash flow, it should be added back to net income to compute net CFO. 3. Add back losses and subtract gains from investing or financing activities. Examples include gains/losses from sale of property, plants and equipment (investing activity) or gains/losses from early retirement of debt (financing activity). Why? Disposal of fixed

Flashcard 1616001764620

Question

You can generally convert indirect format to the direct format by:

Aggregate [...] .
Remove all non-cash items from aggregated revenues and expenses and break out remaining items into relevant cash flow items.
Convert accrual amounts to cash flow amounts by adjusting for working capital changes.

Answer

all revenue and all expenses

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Subject 2. Preparing the Cash Flow Statement
the financing activity of paying cash dividends of $48,000. The statement of cash flows is prepared as follows: Conversion of Cash Flows from the Indirect to the Direct Method Although the indirect method is most commonly used by companies, the analyst can generally convert it to the direct format by following a simple three-step process. Aggregate all revenue and all expenses. Remove all non-cash items from aggregated revenues and expenses and break out remaining items into relevant cash flow items. Convert accrual amounts to cash flow amounts by adjusting for working capital changes. <body><html>

Flashcard 1616098233612

Question

When did the Free Verse movement in Arabic poetry come about and what is it?

Answer

As the modernist movement of the twentieth century.

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

pdf

cannot see any pdfs

Annotation 1616100592908

The assumption seems to be that a conscious project for change in poetic expression could only be in opposition to the literary tradition and directed by western or non-traditional influences.

status	not read	reprioritisations
last reprioritisation on		suggested re-reading day
started reading on		finished reading on

pdf

cannot see any pdfs

Annotation 1616102165772

The label "classical;' in its application to pre-nineteenth-century Arabic poetry and especially the poetry of the Abbasid age, carries significant impli- cations that shape the way this poetry is read and appreciated both in the Arab world and outside it. It assumes a rigid antiquated literature that is to be read and studied, but eventually overcome.

status	not read	reprioritisations
last reprioritisation on		suggested re-reading day
started reading on		finished reading on

pdf

cannot see any pdfs

Flashcard 1616112389388

Tags

#cfa-level-1 #corporate-finance #understanding-cashflow-statements

Question

Payment of dividend, redemption of debt, and reacquisition of capital stock are [...] cash outflows.

Answer

financing

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Flashcard 1616116321548

Tags

#cfa-level-1 #corporate-finance #understanding-cashflow-statements

Question

Which activitie change the working capital accounts?

Answer

Operating activities

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Edited, memorised or added to reading queue

on 15-Jun-2017 (Thu)

Parent (intermediate) annotation

Original toplevel document

Parent (intermediate) annotation

Original toplevel document

Parent (intermediate) annotation

Original toplevel document

Parent (intermediate) annotation

Original toplevel document

pdf

pdf

pdf