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WGU D076 Finance Skills for Managers 2024/2025 already graded A+
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WGU D076 Finance Skills for Managers 2024/2025 already graded A+
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WGUD076
Finance
Skills
for
Managers
Accounting
The
system
of
recording,
reporting,
and
summarizing
past
financial
information
and
transactions.
Accounts
Receivable
Turnover
(AR
Turnover)
An
activity
ratio
found
by
credit
sales
divided
by
accounts
receivable.
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Activity
Ratios
A
category
of
ratios
that
measure
how
well
a
company
uses
its
assets
to
generate
sales
or
cash,
showing
the
firm's
operational
efficiency
and
profitability.
Additional
Funds
Needed
(AFN)
Another
name
for
the
discretionary
financing
needed
or
external
financing
needed.
It
represents
the
additional
financing
needed
given
a
firm's
expectations
for
future
growth.
Affirmative
Covenants
A
bond
covenant
that
describes
things
the
company
pledges
itself
to
do
in
order
to
protect
bondholders.
Agency
Costs
Costs
that
are
incurred
when
management
does
not
act
in
the
best
interest
of
shareholders. Agency
Problem
When
the
agent
(the
management)
does
not
act
in
the
best
interest
of
the
principle
(the
owners).
Aggressive
Assets
Companies
or
securities
with
beta
greater
than
1.
Annual
Percentage
Rate
The
annual
interest
rate
that
is
charged
for
borrowing
money
or
that
is
earned
through
investment.
Annuity
Due
A
series
of
equal
payments
made
at
the
beginning
of
consecutive
periods.
Annuity
A
stream
of
cash
flows
of
an
equal
amount
paid
every
consecutive
period.
Asset
Pricing
The
process
of
valuing
assets.
Auction
Market
A
secondary
market
with
a
physical
location
and
where
prices
are
determined
by
investors'
willingness
to
pay.
Average
Collection
Period
(ACP)
An
activity
ratio
found
by
the
number
of
days
in
a
year
(365)
divided
by
AR
turnover.
Balance
Sheet
Forecasting
Using
sales
growth
and
the
profit
forecast
to
construct
a
pro
forma
balance
sheet
to
understand
the
future
implications
of
the
sources
and
uses
of
finances.
Banks
and
Credit
Unions
Receive
deposits
and
extend
loans
to
individuals
and
businesses.
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