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CPA FIN Exam With Confidence Using Practice Dumps

Exam Code:
FIN
Exam Name:
Finance
Certification:
CPA Other Certification
Vendor:
CPA
Questions:
80
Last Updated:
Apr 18, 2025
Exam Status:
Stable
CPA FIN

FIN: CPA Other Certification Exam 2025 Study Guide Pdf and Test Engine

Are you worried about passing the CPA FIN (Finance) exam? Download the most recent CPA FIN braindumps with answers that are 100% real. After downloading the CPA FIN exam dumps training , you can receive 99 days of free updates, making this website one of the best options to save additional money. In order to help you prepare for the CPA FIN exam questions and verified answers by IT certified experts, CertsTopics has put together a complete collection of dumps questions and answers. To help you prepare and pass the CPA FIN exam on your first attempt, we have compiled actual exam questions and their answers. 

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Finance Questions and Answers

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Question 1

An analysis of the financial statements of Ordos Co revealed the following:

1. A higher than average inventory holding period

2. A lower than average acid-test ratio

3. A higher than average payment period for trade payables

4. A lower than average sales to fixed assets ratio

Which TWO of the above factors are consistent with overtrading?

Options:

A.

1 and 2

B.

1 and 4

C.

2 and 3

D.

3 and 4

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Question 2

Arcturus Co has recently purchased goods costing $12,000 from a supplier. The supplier has offered credit terms of 3/15, net 40. If a cash discount is taken, payment will be made on the last possible day. The opportunity cost of funds for Arcturus Co is 30%.

What is the net saving, or net cost, at the normal time of payment of taking a cash discount?

Options:

A.

Net cost $23

B.

Net saving $239

C.

Net saving $121

D.

Net saving $113

Question 3

A business holds an inventory item with an economic order quantity of 800 units. Supply lead times and usage rates for the item are as follows:

MaximumAverageMinimum

Supply lead time20 days12 days6 days

Daily usage25 units20 units10 units

The business wishes to avoid any risk of running out of this inventory item.

What is the size of the buffer inventory (using average figures) and the maximum level of inventory?

Options:

A.

Average size of buffer inventory 260 units, Maximum level of inventory 1,240 units

B.

Average size of buffer inventory 260 units, Maximum level of inventory 740 units

C.

Average size of buffer inventory 560 units, Maximum level of inventory 1,240 units

D.

Average size of buffer inventory 560 units, Maximum level of inventory 740 units

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