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Exam (elaborations)

MIE 201 Final Exam/61 Questions and Answers Distinction Graded

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  • MIE 201
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  • MIE 201

MIE 201 Final Exam/61 Questions and Answers Distinction Graded

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  • August 17, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MIE 201
  • MIE 201
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Nursephil2023
MIE 201 Final Exam/61 Questions and
Answers Distinction Graded
Financial Management - -Planning for a firm's money needs and managing
the allocation and spending of funds

-Risk/Return Trade Off - -The balance of potential risks against potential
rewards

-Financial Plan - -A document that outlines the funds needed for a certain
period of time, along with the sources and intended uses of those funds

-Accounts Receivable - -Amounts that are currently owed to a firm

-Accounts Payable - -Amounts that a firm currently owes to other parties

-Budget - -A planning and control tool that reflects expected revenues,
operating expenses, and cash receipts and outlays

-Financial Control - -The process of analyzing and adjusting that basic
financial plan to correct for deviations from forecasted events

-Hedging - -Protecting against cost increases with contracts that allow a
company to buy supplies in the future at designated prices

-Zero-based Budgeting - -A budgeting approach in which each department
starts from zero every year and must justify every item in the budget, rather
than simply adjusting the previous year's budget amounts

-Start-up Budget - -A budget that identifies the money a new company will
need to spend to launch operations

-Operating Budget - -Also known as the master budget, a budget that
identifies all sources of revenue and coordinates the spending of those funds
throughout the coming year

-Capital Budget - -A budget that outlines expenditures for real estate, new
facilities, major equipment, and other capital investments

-Capital Investments - -Money paid to acquire something of permanent
value in a business

-Project Budget - -A budget that identifies the costs needed to accomplish a
particular project

, -Debt Financing - -Arranging funding by borrowing money

-Equity Financing - -Arranging funding by selling ownership shares in the
company, publicly or privately

-Short-term Financing - -Financing used to cover current expenses (usually
repaid within a year)

-Long-term Financing - -Financing used to cover long-term expenses such
as assets (usually repaid over a period of more than one year)

-Cost of Capital - -The average rate of interest a firm pays on its
combination of debt and equity

-Prime Interest Rate - -The lowest rate of interest that banks charge for
short-term loans to their most creditworthy customers

-Leverage - -The technique of increasing the rate of return of an investment
by financing it with borrowed funds

-Capital Structure - -A firm's mix of debt and equity financing

-Credit Cards - -Essentially creates a short-term loan every time cardholder
makes purchases or gets a cash advance

-Trade Credit - -Allows buyer to make purchases without immediately
paying for them; usually no interest

-Secured Loans - -Lender provides cash using borrower's assets as collateral
in case of default

-Unsecured Loans - -Loans that require a good credit rating but no collateral

-Compensating Balance - -The portion of an unsecured loan that is kept on
deposit at a lending institution to protect the lender and increase the
lender's return

-Line of Credit - -An arrangement in which a financial institution makes
money avaliable for use at any time after the loan has been approved

-Commercial Paper - -Short term promissory notes, or contractual
agreements, to repay a borrowed amount by a specific time with a specified
interest rate

-Factoring - -Obtaining funding by selling accounts receivable

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