CCV — Certificate in Corporate Valuation Million Practice Questions
The free CCV — Certificate in Corporate Valuation questions that deal with million, with answers and explanations. The full bank and the timed practice test cover every topic the exam asks about.
Question #1
A company has an annual revenue of $5 million and expenses of $3 million. What is its EBIT?
Correct answer: C
Explanation
EBIT (Earnings Before Interest and Taxes) is calculated as Revenue - Expenses. Here, it's $5 million - $3 million = $2 million.
Question #4
A company forecasts a 20% growth in sales next year. If current sales are $2 million, what will next year's sales be?
Correct answer: C
Explanation
Next year's sales = Current Sales _ (1 + Growth Rate). Here, it's $2 million _ 1.20 = $2.4 million.
Question #8
A company bought a piece of equipment for $1 million and its useful life is estimated at 10 years. What is the straight-line depreciation expense?
Correct answer: A
Explanation
Straight-line depreciation reduces the asset's value evenly over its useful life. Thus, $1 million / 10 years = $100,000 per year.
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