Online Access Free C1 Practice Test

The XYZ Company opened a new manufacturing facility with a capital investment of 10,000,000. The cost to obtain the capital was 8%. In its first year of operations, the facility's net operating profit after taxes was
10,500,000. What was the economic value added (EVA) using the EVA formula?

• A.9,700,000
• B.500,000
• C.840,000
• D.8,000,000

Employer-sponsored death benefits are most commonly based on which of the following?

• A.The employee's premium contributions
• B.The employee's health history
• C.The employee's annual salary
• D.The size of the employee's family

Which of the following statements best describes defined benefit (DB) plans?

• A.Employees are at risk for financial resources.
• B.They are often integrated with government-sponsored programs.
• C.There is no promise of a specific benefit at retirement.
• D.Individual accounts must be maintained for each participant.

Until what age does the FLSA limit the number of hours of nonhazardous work? (...as long as the overtime pay provisions are met)

• A.16 years of age
• B.18 years of age
• C.15 years of age
• D.14 years of age

Which of the following is the earnings available to equity owners after paying debt and taxes?

• A.Operating profit
• B.Net income
• C.EPS
• D.EBIT