...Chapter 1 Scope and Nature of Managerial Finance Learning objectives of this chapter: • Differentiate different forms of business • Understand financial management and its roles • Understand the responsibilities of financial staffs • Understand agency problems and its solution Sole Proprietorships & Partnerships Advantages ◦ Ease of formation ◦ Subject to few regulations ◦ No corporate income taxes Disadvantages ◦ Difficult to raise capital ◦ Unlimited liability ◦ Limited life 1-2 Corporation Advantages ◦ ◦ ◦ ◦ Unlimited life Easy transfer of ownership Limited liability Ease of raising capital Disadvantages ◦ Double taxation ◦ Cost of set-up and report filing 1-3 Different Type of Businesses Sole Proprietorship Who owns the business? Are managers and owners separate? What is the owner's liability? Are the owner and business taxed separately? The manager Partnership Partners Corporation Stockholders No No Usually Unlimited Unlimited Limited No No Yes Introduction to Corporation/Firm Profit seeking organisations aim to maximise shareholders’ wealth in the form of: ◦ Dividends ◦ Capital appreciation To achieve this, organisations must invest in projects that yield rates of return higher than the cost of financing those projects and better than competition financial objectives The Finance Function The finance function must plan the courses of action (i.e. the financial strategies)...
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...Analyzing Communication Skills BUS 600 Management Communications with Technology Tools Dr. Stephanie Heald-Fisher September 17, 2011 “To effectively communicate, we must realize that we are all different in the way we perceive the world and use this understanding as a guide to our communication with others” – Anthony Robbins The online communication skills quiz I selected was found at mindtools.com. The results of the quiz that I took was 61%, and the summary part of that quiz indicates that, those with this score have excellent communication skills, understands their role as a communicator, both when sending messages, and when receiving them. People in this category anticipate problems, and choose the right ways of communicating. They are respected for their ability to communicate clearly, and are appreciated for their listening skills (Mindtools, 2001). The Mindtools.com communication skills quiz indicated that I need to work on my listening skills. The quiz question I scored lower was on, “When someone's talking to me, I think about what I'm going to say next to make sure I get my point across correctly.” I often think of what I will say next instead of really listening to what the other person is saying. In many ways, not to truly listen is being disrespectful. If we listen to each other, we will discover we agree on many issues. “By taking responsibility for successful communication through active and reflective listening, you can become more successful at those activities...
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...BUS 100 Quizzes Answers http://www.homeworkarena.com/bus-100-quizzes-answers BUS 100 Quizzes 2-3-4 Answers Bus 100 Quiz 2 Answers Question 1 A key advantage of a corporation is that Question 2 A _____ is a voluntary agreement between two or more people to jointly own a business. Question 3 _____ are organizations, such as mutual funds, insurance companies, or pension funds, that pool contributions from a large number of investors, clients, or depositors to buy stock and other securities. Question 4 What are the three types of partnerships? Question 5 A _____ maintains limited liability but offers more flexibility in terms of tax treatment than other forms of business ownership. Question 6 In an acquisition, the firm being purchased is the _____ and the firm which is purchasing the other firm is the _____. Question 7 A statutory close (or closed) corporation gives its shareholders Question 8 A company must register as a foreign corporation if they Question 9 The most effective way to form a general partnership is Question 10 From the standpoint of an owner, a major advantage of the sole proprietorship is the: BUS 100 Quiz 3 Answers BUS 100 Week 3 Quizzes New 2015 Question 1 _____ is a structure for allocating scarce resources. Question 2 The economy, as...
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...Materials Douglas R. Emery, John D. Finnerty, and John D. Stowe. Corporate Financial Management, 3rd Ed., Prentice Hall Publishing (Pearson), 2007. ISBN: 9780132278720. Harvard Business Review Cases (HC) purchased and downloaded online at: http://harvardbusinessonline.hbsp.harvard.edu/b02/en/cases/cases_home.jhtml. Case ordering numbers are given in parentheses next to each case in the Tentative Schedule. HP (Hewlett Packard) 10 B II, 17BII financial calculator or the equivalent. V. Course Description and Purpose The UNCG Graduate Bulletin describes MBA 625 as follows: "Finance in the strategic management process; corporate strategies and shareholder value creation, financing decisions, distribution policy, and long-term investment decisions.” The learning outcomes from this course are as follows: 1. Recognize the role played by the finance function in developing a global strategic plan. 2. Evaluate the extent to which a firm’s investment, financing, and dividend decisions contribution to creating value for its...
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...SYLLABUS FALL 2015 MGMT E-1000 Harvard University Extension School Financial Accounting Principles Fall 2015 Instructor: Peter Pavlina: ppavlina@g.harvard.edu Class Meeting Time: Thursday, 5:30-7:30 PM Eastern Time Classroom: Sever Hall Room113 Recorded Lectures: Available on the course website, on the Virtual Classroom link in the left navigation bar,within 24 hours after the class is over Course Web Site: Please refer to the Canvas course website (https://canvas.harvard.edu/courses/4482 ) for further details about the course. Note that you will be asked to use your Harvard Login ID and password for access. Teaching Assistants/Sections (all section times are Eastern Time Zone): - Kanwar Singh (students with last names starting with A-G): kanwar_singh@g.harvard.edu; section meeting time, Sunday 8:00-10:00 p.m. - Jordana Truboff (students with last names starting with H-O): jordanatruboff@fas.harvard.edu; section meeting time, Tuesday 7:00-9:00 p.m. - Colin Codner (students with last names starting with P-Z): ccodner@fas.harvard.edu; - section meeting time, Monday 8:00-10:00 p.m. - Susan Goldstein: goldstein@dcemail.harvard.edu; Canvas and Connect contact, no sections All sections will take place online through the web conference platform, Big Blue Button. Attend by clicking on the link in the email you receive before every section meeting...
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...ACCOUNTING IN CONTEXT POTTER I LIBBY I LIBBY I SHORT ACCOUNTING IN CONTEXT BRADLEY N. POTTER University of Melbourne ROBERT LIBBY Cornell University PATRICIA A. LIBBY Ithaca college DANIEL G. SHORT Texas Christian University Boston Burr Ridge, IL Dubuque, IA Madison, WI New York San Francisco St. Louis Bangkok Bogotá Caracas Kuala Lumpur Lisbon London Madrid Mexico City Milan Montreal New Delhi Santiago Seoul Singapore Sydney Taipei Toronto Copyright © 2009 McGraw Hill Australia Pty Limited Additional owners of copyright are acknowledged in page credits. Every effort has been made to trace and acknowledge copyrighted material. The authors and publishers tender their apologies should any infringement have occurred. Reproduction and communication for educational purposes The Australian Copyright Act 1968 (the Act) allows a maximum of one chapter or 10% of the pages of this work, whichever is the greater, to be reproduced and/or communicated by any educational institution for its educational purposes provided that the institution (or the body that administers it) has sent a Statutory Educational notice to Copyright Agency Limited (CAL) and been granted a licence. For details of statutory educational and other copyright licences contact: Copyright Agency Limited, Level 15, 233 Castlereagh Street, Sydney NSW 2000. Telephone: (02) 9394 7600. Website: www.copyright.com.au Reproduction and communication for other purposes Apart from any fair dealing for the...
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...ACCT1501 Practice Exam Questions & Solutions 2013S1 QUESTION 1 ACCOUNTS RECEIVABLES (10 marks) • On 1st January 2007, SSS Ltd. has a debit balance of $30,000 in Accounts Receivable and a credit balance of $ 4,500 in the Allowance for Doubtful Debts. On 1st July, 2007, one of SSS’s customers, BBB, went bankrupt. BBB owes SSS $2,500 and there is no hope for recovering this amount. On 1st October 2007, SSS collected $85,000 from outstanding accounts. SSS Ltd’s financial year ends on 31st December. During the year to 31 December 2007, SSS sold goods for cash for $22,000, and on credit for $80,000. • • • Required: Part A (i) If bad debts expense for 2007 is recognised based on 2% of credit sales, prepare the entry to record bad debts expense. Debit Credit (ii) Calculate the net accounts receivable after recognising the bad debts expense. 1 ACCT1501 Practice Exam Questions & Solutions 2013S1 Part B (i) Assume bad debts expense is determined as an adjusting entry at year end. If uncollectible accounts are estimated to be $3,200 from aging receivables, prepare the adjusting entry on the 31st December to record bad debts expense. Debit Credit (ii) Calculate the net accounts receivable after the adjusting entry. 2 ACCT1501 Practice Exam Questions & Solutions 2013S1 QUESTION 2 Inventory (12 Marks) The following information is taken from the accounting records of Eden Ltd for the year ended 31 December 2010. Jan 1 Mar 10 Jun 25 Aug 30 Oct 5 Nov...
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...BUS 375 WK 2 Chapter 1,2 Quiz - All Possible Questions To Purchase Click Link Below: http://strtutorials.com/BUS-375-WK-2-Chapter-12-Quiz-All-Possible-Questions-BUS3751.htm BUS 375 WK 2 Chapter 1,2 Quiz - All Possible Questions CHAPTER 1: (E) 1. In today’s market, which of the following industries appears to have a need for project management? A. Aerospace & defense B. Construction C. Information systems D. All industries have a need for project management (M) 2. Which of the following is not one of the PMBOKâ Guide’s five process groups? A. Feasibility studies B. Planning C. Execution D. Closure (E) 3. Which of the following is normally not one of the traditional components of the triple constraint? A. Within time B. Within cost C. Within performance (Scope, technology or quality) D. Accepted by the customer (M) 4. Which of the following is a potential benefit of using project management? A. Maximization of continuous reporting B. No need for identification of functional responsibilities C. Identification of time limits for scheduling D. No need for a project management methodology (E) 5. Which of the following functions of classical management is generally not performed by the project manager? A. Planning B. Organizing C. Staffing D. Controlling (M) 6. Which of the following three types of...
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...BUS 375 WK 2 Chapter 1,2 Quiz - All Possible Questions To Purchase Click Link Below: http://strtutorials.com/BUS-375-WK-2-Chapter-12-Quiz-All-Possible-Questions-BUS3751.htm BUS 375 WK 2 Chapter 1,2 Quiz - All Possible Questions CHAPTER 1: (E) 1. In today’s market, which of the following industries appears to have a need for project management? A. Aerospace & defense B. Construction C. Information systems D. All industries have a need for project management (M) 2. Which of the following is not one of the PMBOKâ Guide’s five process groups? A. Feasibility studies B. Planning C. Execution D. Closure (E) 3. Which of the following is normally not one of the traditional components of the triple constraint? A. Within time B. Within cost C. Within performance (Scope, technology or quality) D. Accepted by the customer (M) 4. Which of the following is a potential benefit of using project management? A. Maximization of continuous reporting B. No need for identification of functional responsibilities C. Identification of time limits for scheduling D. No need for a project management methodology (E) 5. Which of the following functions of classical management is generally not performed by the project manager? A. Planning B. Organizing C. Staffing D. Controlling (M) 6. Which of the following three types of...
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...competence and are able to contribute to class discussion. However, if you are uncertain and wish to explore a topic further or test your understanding of past exam questions, please do not hesitate to consult with your tutor or lecturer. The purpose of this tutorial guide is also to allow students to develop the skills (both verbal and written) necessary to analyse problems which may arise in practice. The guide is designed to allow each student to reach the goal of being able to apply theory, knowledge and problem solving technique to fact situations that may arise in company law. It is essential that students learn to select the important issues in such fact situations and that they be able to advance, in discussion, a carefully analysed solution aimed at resolution of the factual situation based on both relevant legislation and case law. It is assumed that students will refer to the course outline and texts without specific direction. The references (if any) listed in the tutorial problems are by no means exhaustive. It is expected...
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...Syllabus Corporate Finance 1148-FIU01-FIN-6406-SECRXQ_AP_1148-86029 GENERAL INFORMATION | IMPORTANT INFORMATION | COURSE DETAIL | COURSE CALENDAR GENERAL INFORMATION PROFESSOR INFORMATION Instructor: Prof. Edward R. Lawrence Phone: (305) 348-0082 Office: RB 207A Fax: (305) 348-4245 Office Hours: By Appointment E-mail: elawrenc@fiu.edu Website: Professor's Bio COURSE DESCRIPTION AND PURPOSE The course is covered in two parts. In part one; we will have an overview of financial management and financial environment. We will analyze firm’s financial performance using financial ratio analysis. We will then discuss the time value of money (TVM) and use the concept of TVM in the valuation of bonds and stocks. In part two we will understand the methods for computing cash flows and the company’s cost of capital and then use them to learn capital budgeting which involves project selection decisions. COURSE OBJECTIVES The objective of this course is to give the students an operational knowledge of corporate finance by combining theory and applications. Introduce the concepts or risk, return, and time-value-of-money as applied to valuation of securities and capital budgeting. Here are the course level learning outcomes: 1. Perform Internet research and find relevant financial data. 2. Use information technology to assess the financial position of organizations. 3. Learn how to perform financial statement analysis. 4. Learn the mathematics of Time Value of Money...
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...ACCT1501 Practice Exam Questions & Solutions QUESTION 1 (10 marks) 2015S2 Accounts Receivable Rupert Ltd maintains subsidiary ledgers for debtors and creditors. At 31 May 2014, the debtors control account has a debit balance of $50,120 and the creditors control account has a credit balance of $30,670. An extract of totals from the special journals for the month of June 2014 is as follows: $ Credit sales 86,500 Cash sales 6,100 Credit purchases 93,200 Cash received from debtors 67,800 Cash paid to creditors 55,890 Cash purchases 4,300 Discount received from 7,500 creditors Discount allowed to debtors 3,500 Complete the debtors control accounts as they would appear in the general ledger. 2 MARKS PER ENTRY IN EACH CONTROL ACCOUNT (NO HALF MARKS) Opening balance (Balance b/d) Sales Closing balance (Balance c/d) Debtors control $ 50,120 86,500 65,320 1 Cash Discount expense $ 67,800 3,500 ACCT1501 Practice Exam Questions & Solutions 2015S2 This is also acceptable. Opening balance (Balance b/d) Sales Opening balance (Balance b/d) Debtors control $ 50,120 86,500 136,620 65,320 2 Cash Discount expense Closing balance (Balance c/d) $ 67,800 3,500 65,320 136,620 ACCT1501 Practice Exam Questions & Solutions 2015S2 QUESTION 2 (12 Marks) Financial Reporting Principles, Accounting Standards and Auditing, & Sustainability Reporting Provide short answers to the following: 1...
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...Business Quiz DHL Baseline/Tagline/AdLineof Company/Brands WE make importing Smooth Doordarshan Satyam Sivam Sundaram Electrolux India Makes life a little easier Energizer Keep going ESSAR Steel 24 carat steel Fed-Ex The World On Time Ford Mondeo Redefined Aggression Ford Motors Built for the road ahead Godrej locks PEACE OF MIND.GUARANTEED Graviera Suitings THE MAN OF SUBSTANCE Gucci Quality is remembered long after the price is forgotten Haier Inspired living Harley-Davidson If you don't have to answer to anyone, what would you do Harrod's retailer, ENTER A DIFFERENT London WORLD Hero Honda CBZ Motorcycling Unplugged Hero Honda Born in a studio, not in a Passion factory Hindustan Times Let there be light Hitachi Inspire the Next Honda The power of dreams Honda DIO FROM INDIA TO THE WORLD.AND TO YOU HSBC World's local bank Hughes Software Think skywards HYUNDAI Play a bigger game ELANTRA Hyundai's new ad Drive your way Jobsahead.com FILL IN YOUR AMBITION Johnnie Walker Keep Walking whiskey Kingfisher airlines Fly the good times Kodak You press the button and we do the rest Lacoste Because what you are LG EXPAND YOUR LIFE LG AC BREATHE HEALTHY Lufthansa There is no better way to 1 Created By: S.Sriram MBA-HR, TAMILNADU srirams@gmx.com Company Accenture Air Deccan Air India Air Sahara Airtel AKAI Allen Solly Allianz Insurance Apple Computers Bajaj Auto Bajaj Pulsar Bajaj spirit Blue Star BluestarAC Bournvita Brooke Bond BSNL BUSINESS STANDARD BUSINESSWORL Magazine of the...
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...world’s second largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America. The company’s industry essentials product range provides key ingredients to some of the world’s largest manufacturers of glass, detergents and other industrial products. With its farm essentials portfolio the company has carved a niche in India as a crop nutrients provider. It is a leading manufacturer of urea and phosphatic fertilisers and, through its subsidiary, Rallis, has a strong position in the crop protection business. The Tata Chemicals Innovation Centre is home to world-class R&D capabilities in the emerging areas of nanotechnology and biotechnology. The company’s Centre for Agri-Solutions and Technology provides advice on farming solutions and crop nutrition practices. The company has also entered into a JV with Singapore’s...
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...ECO 550 Managerial Economics Strayer University To Purchase Complete Quiz Bank for ECO 550 Strayer University Follow this Link http://www.researcherclub.com/product.php?id_product=192 Chapter 1 Quiz: 1. The form of economics most relevant to managerial decision-making within the firm is: a. macroeconomics b. welfare economics c. free-enterprise economics d. microeconomics e. none of the above 2. If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable if: a. it increases revenue more than costs or reduces costs more than revenue b. it decreases some costs more than it increases others (assuming revenues remain constant) c. it increases some revenues more than it decreases others (assuming costs remain constant) d. all of the above e. b and c only 3. In the shareholder wealth maximization model, the value of a firm's stock is equal to the present value of all expected future ____ discounted at the stockholders' required rate of return. a. profits (cash flows) b. revenues c. outlays d. costs e. investments 4. Which of the following statements concerning the shareholder wealth maximization model is (are) true? a. The timing of future profits is explicitly considered. b. The model provides a conceptual basis for evaluating...
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