Exam (elaborations)
FIN 310 Midterm Questions And Answers Latest Update
- Course
- Institution
FIN 310 Midterm Questions And Answers Latest Update
[Show more]
Seller
Follow
Schoolflix
Reviews received
Content preview
Solution 2024/2025Pepper
FIN 310 Midterm Questions And Answers
Latest Update
finance ANS✔✔ study of how people allocate resources over time
financial system ANS✔✔ set of markets and other institutions used for
financial contracting and the exchange of assets and risks
5 reasons to study finance ANS✔✔ manage personal resources
deal with world of business
pursue interesting and rewarding career opportunities
make informed public choices as a citizen
expand your mind
4 types of financial decisions ANS✔✔ consumption/ saving
investment
financing
risk-management
asset ANS✔✔ anything that has economic value
asset allocation ANS✔✔ (personal investing) when people choose how to
hold their pool of accumulated savings
, Solution 2024/2025
Pepper
liability ANS✔✔ debt
net worth ANS✔✔ assets - liabilities
financial capital ANS✔✔ stocks, bonds and loans used to finance the
acquisition of physical capital
strategic planning ANS✔✔ 1st step: decide what business a firm wants to be
in
capital budgeting process ANS✔✔ 2nd step: prepare business plan & train
personnel
investment project ANS✔✔ basic unit of analysis in capital structure
decisions
capital structure ANS✔✔ figures out how to finance investment projects
(basic unit of analysis is an entire firm, not a project)
working capital management ANS✔✔ attending to day-to-day financial
affairs of a business
sole proprietorship ANS✔✔ A business owned by one person
assets and liabilities of firm are personal assets/ liabilities of proprietor
*unlimited liability
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Schoolflix. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53340 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now