6/25/22, 11:53 AM Assessment Review - Corporate Finance Institute
FP&A Monthly Cash Flow Forecast Model
Below is a scored review of your assessment. All questions are shown.
Correct Answer Partially Correct Incorrect Answer
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6/25/22, 11:53 AM Assessment Review - Corporate Finance Institute
1 Inputs should be blue colored font and should have ________ only. Process and outputs should be in black colored font and have _______
only.
Your Answer hardcoded numbers only, formulas only
Correct Answer hardcoded numbers only, formulas only
Explanation
None.
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2 The annual accounts payable is 4,800; the annual revenue is 75,000, and the gross profit margin is 40%. The payable days estimated from
the data above is ______.
Your Answer 39
Correct Answer 39
Explanation
Payable days = (4,800 / (75,000 x (1-40%)) x 365 = 39
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3 The annual accounts receivable is 3,000; the annual sales 40,000, and the gross profit margin is 40%.
The receivable days estimated from the data above is _____.
Your Answer 27.4
Correct Answer 27.4
Explanation
Receivable days = (3,000/40,000) x 365 = 27.4
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4 The opening balance of Company A is 25,000, and the repayment is scheduled for 1,000 per month at an annual interest rate of 5%. Use
the average debt balance to calculate the interest payment.
The closing balance of debt at the end of the month is _____ and the interest payment is _____.
Your Answer 24,000; 104
Correct Answer 24,000; 102
Explanation
Closing balance = 25,000 - 1,000 = 24,000
Interest payment = (25,000 + 24,000) /2 x 5% /12 = 102
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5 To arrive at operating cash flows, you should start with _______, _______ non-cash items and then adding or subtracting changes in working
capital.
Your Answer net income, adding
Correct Answer net income, adding
Explanation
None.
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6/25/22, 11:53 AM Assessment Review - Corporate Finance Institute
From the chart above, decision makers should pay most attention to the month:
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Your Answer Sep 2017
Correct Answer Sep 2018
Explanation
The cash balance in Sep 2018 get dangerously below zero, so management should be aware of this situation and plan activities accordingly.
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7 The PP&E gross book value at the start of the month is 60,000, and the CAPEX of the month is 12,000. The accumulated depreciation at
the start of the month is 25,000; the depreciation expense of the month is 750.
The net book value of PP&E calculated from the data above is _____.
Your Answer 46,250
Correct Answer 46,250
Explanation
Net book value of PP&E = (60,000 + 12,000) – (25,000 +750) = 46,250
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6/25/22, 11:53 AM Assessment Review - Corporate Finance Institute
8 Data validation works for setting a reasonable range for _______.
Your Answer Inputs
Correct Answer Inputs
Explanation
None.
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The chart above is an example of a combination of a ________ chart and a ________ chart.
Your Answer stacked column, line
Correct Answer stacked column, line
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Explanation
None.
10 Before protecting a worksheet to avoid people from editing the formulas, you must ________.
Your Answer lock the formula cells
Correct Answer unlock the input cells
Explanation
None.
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