WGUのFinancial-Management認証試験の合格証は多くのIT者になる夢を持つ方がとりたいです。でも、その試験はITの専門知識と経験が必要なので、合格するために一般的にも大量の時間とエネルギーをかからなければならなくて、助簡単ではありません。It-Passportsは素早く君のWGU試験に関する知識を補充できて、君の時間とエネルギーが節約させるウェブサイトでございます。It-Passportsのことに興味があったらネットで提供した部分資料をダウンロードしてください。
| Section | Objectives |
|---|---|
| Time Value of Money | - Annuities and perpetuities - Present and future value calculations |
| Financial Statement Analysis | - Cash flow analysis - Financial ratios - Balance sheet and income statement interpretation |
| Risk and Return | - Expected return - Portfolio risk and diversification |
| Cost of Capital and Valuation | - Weighted average cost of capital (WACC) - Bond and stock valuation basics |
| Capital Budgeting | - Payback period analysis - Net present value (NPV) - Internal rate of return (IRR) |
>> Financial-Management受験体験 <<
WGUのWGU Financial Management VBC1の実際のテストは、さまざまな分野の多くの専門家によって設計され、顧客のさまざまな状況を考慮し、顧客が時間を節約できるように実用的な学習教材を設計しました。 あなたが学生であろうとオフィスワーカーであろうと、It-PassportsあなたはWGU Financial Management VBC1試験の準備にすべての時間を費やすわけではなく、Financial-Management専門知識の勉強、家事、子供の世話などに従事していると信じています。 簡素化された情報により、効率的にFinancial-Management学習することができます。 そして、あなたは事前に本当の試験を感じたいですか？ 「はい」と答えた場合、WGU Financial Management VBC1試験クイズのソフトウェアバージョンを使用してみてください。 ソフトウェアバージョンは実際のテスト環境をシミュレートできるため、ソフトウェアバージョンが最適な選択肢になると思います。ソフトウェアバージョンごとにWGU Financial Management VBC1試験の雰囲気を事前に感じることができます。
質問 # 82
A company is looking to invest in new machinery that will enhance overall efficiency. The projected assets needed for the project are $590,000, the projected liabilities are $431,000, and the projected equity is $49,000.
What is the discretionary financing need (DFN)?
正解：B
解説：
Discretionary financing need (DFN), also called external financing needed, represents the additional funds a company must raise after accounting for the financing provided by liabilities and equity. The basic relationship is: DFN = Projected Assets # Projected Liabilities # Projected Equity. Using the numbers in this problem, DFN = $590,000 # $431,000 # $49,000 = $110,000. Therefore, answer B is correct. This means the company will need to obtain an additional $110,000 in financing, such as new debt or new equity, to support the machinery investment and the related growth. Financial managers use DFN calculations in pro forma planning to estimate whether internal sources and spontaneous liabilities are enough to support expansion. If DFN is positive, the firm must seek outside financing or change its operating assumptions, such as improving profit margins, retaining more earnings, or reducing asset intensity. If DFN is negative, the firm has excess financing capacity. Understanding DFN is essential in capital management because growth often requires more assets than can be supported by existing internal funds. Therefore, B correctly reflects the amount of external financing required.
========
質問 # 83
How do financial markets reduce the cost for companies to obtain financing from the sale of equity?
正解：B
解説：
Financial markets reduce the cost of obtaining equity financing primarily by providing liquidity. Liquidity means that investors can buy and sell securities quickly and with relatively low transaction costs. When investors know they can easily sell shares in an active market, they are more willing to purchase newly issued stock in the first place. This stronger investor demand helps firms raise capital more efficiently and often at a better price. In other words, a liquid market lowers the return investors require for holding the stock, which reduces the firm's cost of equity capital. This is important in financial management because a lower cost of capital increases the number of investment projects that can create value for shareholders. The other choices do not explain the real benefit of organized financial markets. Merely ensuring all trades are made does not address financing cost. Limiting or reducing the number of trades would generally make markets less efficient and less liquid, not more attractive to investors. Therefore, C is the correct answer because liquidity is one of the key services financial markets provide, and it directly supports firms' ability to raise equity capital at a lower cost.
========
質問 # 84
What is systematic risk in the capital asset pricing model (CAPM)?
正解：A
解説：
Systematic risk is the portion of total risk that affects the entire market or a broad group of securities and cannot be eliminated through diversification. It arises from economy-wide factors such as changes in interest rates, inflation, recessions, geopolitical events, and overall market sentiment. In the Capital Asset Pricing Model, systematic risk is the only type of risk for which investors are compensated because unsystematic, or firm-specific, risk can be diversified away by holding a well-balanced portfolio. Choice D is correct because it defines systematic risk as market-wide risk that influences virtually all securities to some degree. Choice C refers to company-specific risk, which is unsystematic risk. Choice B is incorrect because poor diversification may leave an investor exposed to more firm-specific risk, but that does not define systematic risk itself.
Choice A is far too extreme and does not capture the finance definition. Financial management uses the CAPM framework to connect systematic risk to required return through beta, which measures a security's sensitivity to movements in the market portfolio. Therefore, D is the correct answer because systematic risk is broad market risk that cannot be removed through diversification.
========
質問 # 85
A company has just increased its dividend payout ratio.
What effect will this have on the company's sustainable growth rate?
正解：C
解説：
The sustainable growth rate (SGR) represents the maximum rate at which a firm can grow its sales, assets, and earnings without raising new external equity. It is calculated as ROE × retention ratio, where the retention ratio equals one minus the dividend payout ratio. When a firm increases its dividend payout ratio, it retains less earnings for reinvestment, thereby reducing internally generated equity growth. Unless return on equity increases enough to offset this reduction-which is not assumed here-the sustainable growth rate will decline. Financial management theory emphasizes the trade-off between paying dividends and reinvesting earnings to support future growth. Option C correctly reflects this fundamental relationship between dividend policy and sustainable growth.
質問 # 86
How does company size relate to capital structure in terms of access to financing options?
正解：B
解説：
Company size has a significant effect on capital structure because larger firms generally have better access to external financing markets. Large companies often have more stable cash flows, broader operating histories, stronger credit profiles, and greater name recognition among investors and lenders. As a result, they are more likely to obtain financing from both debt markets and equity markets on favorable terms. They may be able to issue bonds publicly, negotiate better loan agreements, and attract equity investors more easily than smaller firms. In contrast, smaller firms often face more information asymmetry, less predictable earnings, and fewer financing alternatives, which can increase their cost of capital and limit access to long-term funding. Choice A is too narrow and not generally true. Choice C is incorrect because larger firms are usually less dependent on internal financing, not more. Choice D is also incorrect because smaller firms often face higher borrowing costs due to greater perceived risk. Financial management theory recognizes firm size as an important determinant of financing flexibility and capital structure. Therefore, B is correct because larger firms typically enjoy broader and cheaper access to both debt and equity capital.
========
質問 # 87
......
IT職員のあなたは毎月毎月のあまり少ない給料を持っていますが、暇の時間でひたすら楽しむんでいいですか。WGU Financial-Management試験認定書はIT職員野給料増加と仕事の昇進にとって、大切なものです。それで、我々社の無料のWGU Financial-Managementデモを参考して、あなたに相応しい問題集を入手します。暇の時間を利用して勉強します。努力すれば報われますなので、WGU Financial-Management資格認定を取得して自分の生活状況を改善できます。
Financial-Management模擬解説集: https://www.it-passports.com/Financial-Management.html