100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Finance UNCG Exam #1 Questions and Answers 100% Solved correctly CA$12.15   Add to cart
Quickly navigate to
Preview
  2.  
  3. Finance UNCG
  4.  
  5. Finance UNCG

Exam (elaborations)

Finance UNCG Exam #1 Questions and Answers 100% Solved correctly
 1 view  0 purchase
  • Course
  • Finance UNCG
  • Institution
  • Finance UNCG

Career opportunities for Financial Services Include: - ️️-Banking -Personal Financial Planning -Investments -Real Estate -Insurance When you sell inventory after it has been purchased by credit, account payable, it is - ️️accounts receivable Finance - ️️defined as the science and...

[Show more]

Preview 2 out of 11  pages

Document information

  • November 12, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • finance uncg

Written for

  • Finance UNCG
  • Finance UNCG

Seller

avatar-seller
PatrickKaylian

Reviews received

Content preview

Finance UNCG Exam #1
Career opportunities for Financial Services Include: - ✔️✔️-Banking
-Personal Financial Planning
-Investments
-Real Estate
-Insurance

When you sell inventory after it has been purchased by credit, account payable, it is -
✔️✔️accounts receivable


Finance - ✔️✔️defined as the science and art of managing money. It focuses on cash
flows*

Finance for Individuals - ✔️✔️-how much of their earnings they spend
-how much they save
-how they invest their savings

Finance - ✔️✔️-how firms raise money from investors
-how firms invest money in an attempt to earn a profit
-how firms decide whether to reinvest profits in the business or distribute them back to
investors


Managerial Finance - ✔️✔️the duties of the financial manager working in a business

Financial Managers - ✔️✔️Administer the financial affairs of all types of businesses-
private and public, large and small, profit-seeking and not for profit.

Tasks of Financial Managers Include: - ✔️✔️

Cash flow - ✔️✔️

Total Assets equals - ✔️✔️Total Current Assets+Net Fixed Assets

Liabilities - ✔️✔️Owing money

Current Liabilities - ✔️✔️Short Term Debts- due in payable in one year

Categories of Liabilities - ✔️✔️Accounts Payable
Accruals
Notes Payable

, Accounts Payable - ✔️✔️

Accruals (need to add more info) - ✔️✔️interest that builds up on amount of money
owed

Notes Payable - ✔️✔️Loans taken out that need to be paid within a year

Total Current Liabilities = - ✔️✔️Notes Payable + Accruals + Accounts Payable

Assets represent - ✔️✔️Short Term Sources of Cash

Liabilities represent - ✔️✔️Short Term Uses of Cash

Working Capital - ✔️✔️Current Assets - Current Liabilities

Working Capital is a measure of what? - ✔️✔️Liquidity

Working Capital Management - ✔️✔️Managing the short run of what will happen to a
corporations cash flow

Inventory purchased with credit = - ✔️✔️account payable

If a payment is due for inventory for an account payable, and you cannot afford it at the
moment... - ✔️✔️Borrow notes payable

Keeping plenty of cash in your assets keeps your company - ✔️✔️liquid

To make a firm valuable - ✔️✔️Invest in gross fixed depreciation and amortization

Depreciation - ✔️✔️the portion of the costs of fixed assets charged against annual
revenues over time

MACRS - ✔️✔️Modified Accelerated Cost Recovery System

Total Liabilities - ✔️✔️Total Current Liabilities + Long Term Debt

Equity - ✔️✔️The amount of money you can put down in actual cash versus credit
borrowed from bank

Retained Earnings - ✔️✔️Internal source of equity- money is being reinvested

Equity Includes(In primary financial market) - ✔️✔️Common Stock

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 PatrickKaylian. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$12.15. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

80796 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$12.15
  • (0)
  Add to cart