Series 7 Formulas
Terms
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- Net Working Capital
- NWC= Total Current Assets - Total Current Liabilities
- Current Ratio
- CR= Tot Current Assets/Tot Current Liabilities
- Quick Asset Ratio
- QAR= (Tot Curr Assets - Inventory)/Tot Curr Liabilities
- Cash Flow
- CF= Net Income/Loss + Annual Depreciation/Depletion
- Bond Ratio
- BR= Par Val of Bonds/Tot Long-Term Capital
- Debt-to-Equity Ratio
- =(Bonds + Preferred Stock)/(Common Stock at Par + Capital Surplus + Retained Earnings)
- Book Value Per Common
- = [Total Assets - (Intangibles + Tot Liabil + Preferred Stock)]/# of outstanding shares
- P/E Ratio
- = Price/Earnings
- Dividend Payout Ratio
- = Annual Div Paid on Common/EPS
- Current Yield
- = Annual Div per Common/ Current market price
- Acid Test Ratio
- = (Tot Assets + cash + cash equivalents + accounts and notes recievables)/Tot Current Liabil. Also known as the Quick Asset Ratio
- When is the exact moment that a person becomes subject to the NASD rules and diciplinary actions?
- When you submit an application to work for a member firm
- If someone makes a donation to a charity what can they deduct on their taxes?
- They can deduct the market value of the security at the time it was donated, but only if the security was held for a period of 1 year or more. Otherwise you must use your original basis.
- What is the one constant in FOREX options?
- The contract size.
- If a stock on the OEX index declares a 2 for 1 stock dividend what is the effect on the OEX options?
- Nothing....no effect
- What do these footnotes in the WSJ refer to in the Mutual Fund section.... p, r, t, x ?
-
p- indicates 12b-1 fees
r- indicates redemption charges
t- indicates both p & r
x- ex-dividend - If a customer has an open account with nothing in it how often does the firm have to send the customer a statement?
- the don't