On the balance sheet dated December 31, 2017 of company A, there is aretained profit of 50 billion VND at the beginning of the year and 60 billionVND at the end of the year. Profit after tax for the whole year 2017

1/On the balance sheet dated December 31, 2017 of company A, there is a
retained profit of 50 billion VND at the beginning of the year and 60 billion
VND at the end of the year. Profit after tax for the whole year 2017 is 22
billion VND. Profits used to distribute dividends to shareholders are: a. 12 billion VND b. 10 billion VND c. 22 billion VND d. 8 billion VND
The correct answer is: 12 billion VND
2/ Which of the following statements is false:
a. Dividends are distributed to shareholders, bonds are paid to bondholders
b. For joint stock companies, shareholders are equity holders, bondholders are creditors.
c. The real income of shareholders and bondholders is influenced by the market
d. The rights of shareholders and bondholders are the same.
The correct answer is: The rights of shareholders and bondholders are the same.
Question3 One The project has a fixed cost of 500 million VND; Unit selling
price and variable costs are 1.5 million VND and 1 million VND, respectively.
If you want the project to reach EBIT = 1 billion VND, how many products must be produced and sold? a. 1.000 SP b. 3.000 SP c. 600 SP d. 750 SP
The correct answer is: 3.000 SP
Question4 Finance The enterprise's fixed assets have an original cost of 10
billion VND, depreciated over 4 years, at the rates of 20%, 30%, 40% and 10%
respectively. If the corporate income tax rate is 20%, the tax shield from
depreciation determined in the third year is: a. 800 million VND b. 200 million VND c. 60 million VND d. 40 million VND
The correct answer is: 800 million VND
Question 5 A change in the capital structure of an enterprise will affect
which of the following indicators? a.ROI b. ROE c. EBITDA d. All the above indicators The correct answer is: ROE
Question6 Thi Financial schools are where businesses:
a. Find suppliers of production factors at input and markets for consuming
products and services at output
b. Recruiting good financial experts
c. Find funding and investment opportunities d. All right
The correct answer is: Find funding and investment opportunities
Question 7One project is expected to have a net revenue of 14 billion VND;
Total costs incurred including materials are 2.5 billion VND; Direct salary 1.5
billion VND; General management costs are 1 billion VND. What is the
breakeven revenue (Sbe) of the project? a. 5 billion VND b. 3 billion VND c. 2.5 billion VND d. 1.4 billion VND
The correct answer is: 1.4 billion VND
Question 8 Any investment project will have a chance of being selected when its NPV is like? a. NPV > 0 b. NPV < 0
c. NPV > capital cost of the project
d. NPV = capital cost of the project
The correct answer is: NPV > 0
Question9 Phat Which of the following statements is considered correct:
a. The higher the risk of a stock, the higher its required rate of return
b. The higher the unsystematic risk of a stock, the higher its required rate of return
c. The higher the stock's systematic risk, the higher the stock's required rate of return
d. The higher the financial risk of a stock, the higher the required rate of return of the stock
The correct answer is: The higher the systematic risk of a stock, the higher the
required rate of return of the stock
Question10 Risk ro is understood as:
a. The possibility of unexpected events causing harm or injury
b. The possibility that the investment's return rate is negative or lower than expected
c. Is the uncertainty of the expected rate of return d. All right
The correct answer is: All are correct
Question11 If Combining a portfolio of two financial assets, the benefits of
diversification are achieved when:
a. The correlation coefficient of returns between these two financial assets is less than 1
b. The correlation coefficient of returns between these two financial assets is equal to 1
c. The correlation coefficient of returns between these two financial assets is greater than 1
d. The above statements are all wrong
The correct answer is: The correlation coefficient between these two financial assets is less than 1
Question12 In After 4 years of college, at the end of every month you deposit 1
million VND in the bank with an interest rate of 2%/month compounded
monthly. After 1 month, calculated from the end of 4 school years, the balance
of this deposit is (rounded figure)? a. 79.4 million VND b. 86.3 million VND c. 85.7 million VND d. 80.9 million VND
The correct answer is: 80.9 million VND Question 13
Company value is 800 billion VND; Of which 65% is equity, capital cost is
14%/year. If WACC = 12.32%, what is the pre-tax cost of debt. Know the
corporate income tax rate of 20% a. 8 years b. 10 years c. 11.5%/year d. 13.5%/year
The correct answer is: 11,5% /năm
Question14 If This year's interest rate is 10% and next year's is 15%;
According to the simple interest method, if you want to receive 100 million
VND in the next 2 years, you need to investday how much? a. 80.00 million VND b. 79,051 million VND c. 125.00 million VND d. 86,957 million VND
The correct answer is: 80.00 million VND Question 15
When comparing two funding options; To promote the benefits of financial
leverage, what must the business's operating EBIT be like?with Indifferent
EBIT of those two capital structures.
a. Equal to the indifferent EBIT of the two comparative options.
b. Greater than the indifferent EBIT of the two comparative options.
c. Smaller than the indifferent EBIT of the two comparative options.
d. All of the above sentences are wrong
The correct answer is: Greater than the indifferent EBIT of the two compared options.
Question16 Doanh Business C has a D/E of 25%. If pricebusiness management
industry is 5,000 billion VND; What is the value of equity? a. 4,000 billion VND b. 2,400 billion VND c. 3,750 billion VND d. 1,250 billion VND
The correct answer is: 4,000 billion VND
Question17 Send Bank money has an interest rate of 8%/year. If the economy
has an inflation rate of 12%/year, what is the real interest rate on this deposit? a. positive 21.74%/year b. negative 4.35%/year c. negative 3.57%/year d. positive 3.70%/year
The correct answer is: minus 3.57%/year
Question18 If covariance of returns of two securities A and B, has negative value; then:
a. The returns of A and B are both negative
b. The profitability rates of A and B have no relationship with each other
c. The profit rates of A and B fluctuate in the same direction.
d. The profit rates of A and B fluctuate in opposite directions.
The correct answer is: The profit rates of A and B fluctuate in opposite directions.
Question19 Doanh Ben Thanh Enterprise borrowed 50 million VND, interest
rate 13%/year, compounded semi-annually, for a term of 2.5 years. At maturity,
the amount of interest the company must pay to creditors is? a. 68.5 million VND b. 14.3 million VND c. 18.5 million VND d. 42.1 million VND
The correct answer is: 18.5 million VND
Question 20A 2-year term bond, face value 10 million VND, interest payment
frequency is 0.6 million VND semi-annually. If the YTM is the same for the
bonds and portfolios considered, then this bond can be replaced by a portfolio consisting of:
a. Two 2-year discount bonds, with par value of 5 million VND/bond
b. A discount bond with a term of 2 years, with a face value of 10 million VND
c. One 2-year discount bond with par value of 10.6 million VND and three
discount bonds with par value of 0.6 million VND with maturities of ½, 1, and 1½ years respectively.
d. One 1-year discount bond with par value of 10.6 million VND and four
discount bonds with par value of 0.6 million VND with maturities of ½, 1, 1½ and 2 years respectively The correct answer is: C
Question 21 Formulas for calculating currency prices are often applied in:
a. Set up a debt collection schedule and debt repayment schedule
b. Evaluate investment effectiveness c. Securities valuation d. All The correct answer is: All
Question 2 A small apartment with 2 bedrooms currently costs 1 billion VND,
and house prices increase by 4%/year. You plan to buy such a house in 10
years. Right now yousend 100 million VND in the bank and then at the end of
each monthsend Continue an amount of money for 10 years. So how much
money must be deposited each month if the deposit interest rate is 1%/month (enter monthly interest). Select one: a. 90 million VND b. 5 million c. 5,955 million VND d. 6,747 million VND
The correct answer is: 5 million VND
Question3 If All other factors remaining constant and the ratio of retained
earnings for reinvestment (plowback ratio) increases, the intrinsic value Po of common stock will be: a. Increase b. Reduce c. Unchanged
d. Cannot be determined without further information The correct answer is: Tăng
Question4 One 2-year term securities, coupon rate 6.8%/year, face value 10
million VND, semi-annual interest payment frequency. Securities were
purchased at the market price of 9.5 million VND on the issuance date. With the
above information, the market interest rate for this security: a. 6.8% higher b. Equal to 6.8% c. Below 6.8%
d. There is not enough information to draw conclusions
The correct answer is: 6.8% higher
Question5 One Treasury bond with 5-year term, interest rate 9%/year, simple
interest calculation, issuance price equal to par value. At maturity, the
bondholder will receive 50 million VND (including bond interest and refunded
face value). What is the face value of the bond? a. 32.50 million VND b. 45.87 million VND c. 34.48 million VND d. 50 million VND
The correct answer is: 34.48 million VND
Question6 One The investment portfolio consists of 2 assets A and B. The
covariance of the return rate of (A & B) is 0.8%. The return correlation
coefficient of (A&B) is 0.8. If the standard deviation of A's return is 20%, what
is the standard deviation of B's return? a. 5% b. 10% c. 12,8% d. 20% The correct answer is: 5%
Question 7 Which of the following statements is false:
a. The increase in debt to total capital ratio does not affect EBITDA
b. The increase in debt to total capital ratio does not affect EBIT
c. Increased debt to total capital ratio does not affect ROE
d. Increased debt to total capital ratio does not affect ROI
The correct answer is: Increased debt to total capital ratio does not affect ROE
Question8 One Joint stock company with issued shares of 6 million shares; Par
value of each share is 10,000 VND; Issue price is 15,000 VND/share.
Accumulated profit: 2 billion VND. What is the value of the company's equity? a. 62 billion VND b. 82 billion VND c. 92 billion VND d. 142 billion VND
The correct answer is: 92 billion VND
QuestionIn In each year, the enterprise has total variable costs, depreciation,
debt, interest payable, and net revenue of VND 500 million, VND 180 million,
VND 100 million, VND 15 million, and VND 900 million, respectively. Know
the corporate income tax rate of 20%. The value of the tax shield from depreciation is: a. 36 million VND b. 100 million VND c. 30 million VND d. 180 million VND
The correct answer is: 36 million VND
Question10 Billion Which rate of return is not affected by financial leverage (FL)? a. ROE (Return on Equity) b. ROI (Return on Investment) c. ROS (Return on Sales) d. Allthe above target
The correct answer is: ROI (Return on Investment)
Question11 One 55 year old person, deduct 24 million VND/year from income
to invest. This is done regularly at the end of the year, with an interest rate of
10%/year compounded annually; The first deduction period is 1 year after the
present time; On retirement day (after 5 years), how much money will this person have accumulated? a. 111.5 million VND b. 146.5 million VND c. 120 million VND d. 386.5 million VND
The correct answer is: 146.5 million VND
Question12 Doanh Enterprises carry out promotional programs to reduce
prices, but still increase revenue when:
a. The % decrease in sales volume is higher than the % decrease in selling price
b. The % increase in sales volume is equal to the % decrease in selling price
c. The % increase in sales volume is higher than the % decrease in selling price
d. The % increase in sales volume is lower than the % decrease in selling price
The correct answer is: The % increase in sales volume is higher than the % decrease in selling price
Question13 Left promissory noteAND: Discount bond has a term of 2 years,
paying 25 million VND at maturity; Bond B: Discount bond has a term of 1
year, paying 2.5 million VND at maturity; Bond C: 2-year term bond, periodic
annual interest payments, coupon rate 10%/year, face value 25 million VND.
Suppose bonds A and B are combined to form a portfolio AB, and the yield to
maturity (YTM) is the same for all three bonds. Which of the following is correct? a. Price of AB > C's price b. Price of AB = Price of C c. Price of AB < C's price d. Inapproachable
The correct answer is: Price of AB < C's price
Question14 Doanh Enterprise has EBIT = 200 million VND/year; Debt = 100
million VND. Cost of debt before tax 13.75%/year. Cost of equity without using
debt 16%/year. According to M&M theory, determine the market price of
equity (E). Know the corporate income tax rate of 20%. a. 920 million VND b. 1,253 million VND c. 1,520 million VND d. 967 million VND
The correct answer is: 920 million VND
Question15 Theo CAPM, when an asset has systematic risk equal to the risk of
the market portfolio then that asset has: a. β = 0 b. β = 1 c. b >1 d. b<1 The correct answer is: β = 1
Question 16 If The required rate of return is 10%/year; 1 corporate bond has a
face value of 10 million VND; 3 year term, interest rate 20%/year with semi-
annual interest payment, what is a reasonable price? a. 71.5 million VND b. 13.64 million VND c. 12.54 million VND d. 10 million VND
The correct answer is: 12.54 million VND
Question17 Articles Which of the following is considered an advantage of private enterprise:
a. Strong competitiveness in capital
b. Only have limited liability for the debt obligations of the business
c. There are conditions to improve the level of modernization and specialization d. Profits are taxed only once
The correct answer is: Profits are taxed only once