on 15-Jun-2017 (Thu)

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 [...]
slightly higher price

slightly lower price.

status measured difficulty not learned 37% [default] 0

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. <span>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.

status measured difficulty not learned 37% [default] 0

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 <span>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.
85 percent

status measured difficulty not learned 37% [default] 0

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)

Flashcard 1615974501644

Tags
#cashflow-statement
Question
How does the reporting of investing and financing activities differ in both methods [...] .
the same for both direct and indirect methods

status measured difficulty not learned 37% [default] 0
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. <span>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.

affected reported net income

status measured difficulty not learned 37% [default] 0
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, <span>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?
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 measured difficulty not learned 37% [default] 0
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. <span>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.
all revenue and all expenses

status measured difficulty not learned 37% [default] 0
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 <span>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. <span><body><html>

Flashcard 1616098233612

Question
When did the Free Verse movement in Arabic poetry come about and what is it?
As the modernist movement of the twentieth century.

status measured difficulty not learned 37% [default] 0

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.

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.

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.
financing

status measured difficulty not learned 37% [default] 0

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, <span>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 1616116321548

Tags
#cfa-level-1 #corporate-finance #understanding-cashflow-statements
Question
Which activitie change the working capital accounts?