FSA Quiz!

What’s the IT in EBITDA?

• Interest, Tax

• Income, Tax

• Interest, Tax rate

• Income, Tax rate

When can Agency cost happen?

• Shareholders-Debtholders

• Management-Debtholders

• Management-Shareholders

• Agent-Principal

What does SPVs and SPEs mean?​

• Special Plan Vehicles, Special Plan Entities

• Special Purpose Vehicles, Special Purpose Entities

• Specific Purpose Vehicles, Specific Purpose Entities

• Income, Variable

• Profit, Fixed

• Profit, Variable

• Income, Fixed

Tangible Net Worth = Total Assets – Total Liabilities –    ?   ​

• Licenses

• Trademarks

• Patents

• Copyrights

What to do to prevent Fixed Charges Coverage from falling below requirement?

• Early recognition of expense

• Early recognition of revenue

• Delay recognition of expenses

• Delay recognition of revenue

How to calculate rate per kwh:

Rate = ? / estimated total kwh

• Allowed profit

• Allowed return on capital

• Allowed revenue  

• Allowed cost

If cost is lower than market value, Inventory should recorded at?

• cost

• market value

From this table, do you think that Magee should approve the bonus payment?

• yes

• no

Should management be given a bonus percentage way above the market average?

• yes

• no