BUS/475 Sample Final Exam |Accounting | |Financial accounting | | |Conceptual foundations | | |Income statement and statement of retained | | |earnings | | |Balance sheet | | |Statement of cash flows | |Managerial accounting | | |Cost concepts
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Solutions to Chapter 1 The Firm and the Financial Manager 1. real executive airplanes brand names financial stock investment capital budgeting financing 2. A firm might cut its labor force dramatically which could reduce immediate expenses and increase profits in the short term. Over the long term, however, the firm might not be able to serve its customers properly or it might alienate its remaining workers; if so, future profits will decrease, and the stock price will decrease
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Chapter 5 5.1 Fixed costs are not related to the volume of services delivered. Semi-fixed costs are fixed at two or values within relevant ranges. 5.2 Total fixed costs and total variable costs. 5.3 a) The cost-volume profit analysis is applied to organization’s costs and revenue structure that analyzes the effect of volume changes on cost and profits.b) It’s useful because they evaluate causes of action regarding pricing and introduction of new services. 5.4 a) The differences between per-unit
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Financial Functions Using Microsoft Excel FV | PV | RATE | NPV | IRR | PMT | Printing Formulas | FV FV(rate,nper,pmt,pv,type) Rate is the interest rate per period. Nper is the total number of payment periods in an annuity. Pmt is the payment made each period; it cannot change over the life of the annuity. Pmt must be entered as a negative number. Pv is the present value, or the lump-sum amount that a series of future payments is worth right now. If pv is omitted, it is assumed
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Rocky Mountain Advanced Genome – Case Study Background:Rocky Mountain Advanced Genome (RMAG) is headquartered in Colorado Springs, Colorado and has recently been founded by seven research scientists who have taken a leave of absence from major universities and pharmaceutical companies to establish this firm. This company uses gene-sequencing techniques with a computer-driven search algorithm to identify genes in human DNA. In January 1996, negotiations were coming to the end for a private equity
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test and not all trading rules are disclosed. b.) Semi Strong Form EMH -Tests often involve “market-adjusted returns” It is created by subtracting the market return from the security’s return, thereby defining a security’s “abnormal return”. Time series tests for predictability of returns and profit opportunities *Short-horizon returns have shown very limited predictability *Long-horizon returns analysis shown some predictability of returns based on:
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payments (without considering the time value of money) and forward the mortgage statement to you and the IRS for tax filing purposes. Then you file your tax form according to your income tax rate of 28%. Calculations The following assumptions were made for the calculations of mortgage amortization tables: * the amount of money needed to pay for points is available in your bank account; * Mortgage One Company does not allow you to build the point money into the mortgage; * the amount
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not constitute an annuity. However, the entire series does not contain an annuity. Is this statement true or false? A: The above statement is true because annuity is a series of payment at fixed intervals over a fixed number of years or over a life time. To be annuity it is necessary to be fixed amount. The second series is irregular cash flow but still constitute series of an annuity. 4-4 If a firm’s earnings per share grew from $1 to $2 over a 10-year period, the total growth would be 100%, but
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TVM TEST BANK: TIME VALUE OF MONEY (Difficulty: E = Easy, M = Medium, and T = Tough) Multiple Choice: Problems Easy: FV of a single payment Answer: d Diff: E [i]. You deposit $2,000 in a savings account that pays 10 percent interest, compounded annually. How much will your account be worth in 15 years? a. $2,030.21 b. $5,000.00 c. $8,091.12 d. $8,354.50 e. $9,020.10 FV of a single payment Answer: c Diff: E [ii]. You deposit $1,000 in
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may cause financial hardship to family members left behind Risk of income loss- Your income could stop as a result of job loss or because you fall ill or are hurt in an accident Health Risk- Poor health may increase your medical costs. At the same time, it may reduce your working capacity or life expectancy Asset and Liability Risk- Your assets may be stolen or damaged. Others may sue you for negligence or for damages cause by your actions What are some common sources of financial planning information
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