Estherlinasmith

Coding - -the process of assigning a numerical score or other character symbol to previously edited data. -Codes - -rules for interpreting, classifying, and recording data in the coding process; also, the actual numerical or other character symbols assigned to raw data. -Dummy coding - -Numeric "1" or "0" coding where each number represents an alternate response such as "female" or "male." -Effects coding - -An alternative to dummy cod- ing using the values of -1 and +1 to repre...

Multivariate Data Analysis - -Research that involves three or more, or that is concerned with underlying dimensions among multiple variables, will involve multivariate statistical analysis. -Variate - -A mathematical way in which a set of variables can be represented with one equation. A linear combination of variables, each contributing to the overall meaning of the variate based upon an empirically derived weight. -Dependence techniques - -Explain or predict one or more dependent...

Behavior - -all observable processes by which an animal responds to perceived changes in the internal state of its body or in the external worl -ethology - -the study of the immediate causes and the evolutionary causes of behavior -behavioral ecology - -the study of relationships btwn the behavior of an animal species and its abiotic and biotic environment -sociobiology - -the study of biological basis of social behavior, particularly the selective value of different social systems -...

capital budgeting - -the process of planning and managing a firm's long-term investments -capital structure - -the mixture of debt and equity maintained by a firm -working capital - -a firm's short term assets and liabilities -sole proprietorship - -a business owned by a single individual -partnership - -a business formed by two or more individuals or entities -corporation - -a business created as a distinct legal entity owned by one or more individuals or entities -agency pr...

capital budgeting - -the process of planning and managing a firm's long-term investments -capital structure - -the mixture of debt and equity maintained by a firm -working capital - -a firm's short term assets and liabilities -sole proprietorship - -a business owned by a single individual -partnership - -a business formed by two or more individuals or entities -corporation - -a business created as a distinct legal entity owned by one or more individuals or entities

Purpose of Financial Accounting - -Provide useful financial information to capital providers (investors and creditors) in making decisions -Cash Basis Accounting - -Difference between cash receipts and cash disbursements from providing goods and services= Net Operating Cash Flow -Short periods of time... - -Operating cash flows may not be an accurate predictor of future operating cash flows, sometimes a company pays or receives cash in one period that relates to performance in multiple per...

The Four Basic Areas of Finance are: - -1. Corporate Finance 2. Investments 3. Financial Markets and Institutions 4. International Finance -What is the focus of corporate finance (3 basic issues)? - -1. What long-term investments should a firm take on? 2. Where will you get the long-term financing to pay for your investment? 3. How will you manage your everyday financial activities such as collecting from customers and paying suppliers? -Capital Budgeting - -The process of planning an...

Assests - -what the company owns(resources of a company): cash accounts receivable land equipment patent rights -Liabilities - -what the company owes: notes payable accounts payable salaries payable long-term debt -General areas of accounting the course relates too: - -financial statement preparation and reporting financial statement auditing and compliance loosely relates to: internal controls auditing and compliance -financial accountant - -hired by a firm to prepare financ...

Income Sources - -1. Earned - Wages (Most Taxed) 2. Portfolio - Stocks/Bonds 3. Passive - Real Estate (Least Taxed) -Real Estate Types - -1. Owner Occupancy - Live in (Less Risk) 2. Investment - Income 3. Speculation - Appreciation (More Risk) -Appraisal Profession - -1. The Appraisal Foundation (TAF) 2. Appraisal Qualifications Board (AQB) 3. Appraisal Standards Board (ASB) -Professional Designations of Appraisers - -MAI - Commercial SRA - Residential AI-GRS - Appraisal Revi...

Capital Budgeting - -the process of planning and managing a firms long term investments -size -time -risk -capital structure - -mixture of firms long term debt and equity the firm uses to finance it's operations -working capital - -deals w/ a firms short term assets (inventory) and short term liability (money owed to suppliers). managing this is a day to day activity that ensures the firm has sufficient resources to continue operations and avoid costly interruptions -agency prob...