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About this document
- Pages
- 7 pages
- Price
- $7 one-time, yours to keep
- Membership
- Included in every plan
- Format
- Subject
- Business, Finance
- Module
- FIN 370
This document contains multiple-choice questions for the final exam of the FIN 370 Phoenix Finance For Business course. It covers topics such as the definition of finance, investment projects, corporate growth, risk compensation, time value of money, ratio analysis, liquidity, profitability, and the role of the SEC. It is useful for students preparing for their final exam.
What's inside
- Definition of finance
- Investment projects and profit maximization
- Corporate growth factors
- Risk compensation and expected rate of return
- Time value of money
- Ratio analysis and liquidity
Who it is for: Students taking the FIN 370 Phoenix Finance For Business course. (Undergraduate)
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Summary
This document is about finance for business. It covers topics like financial decisions, investment projects, and the use of ratios. It is good for students who want to revise multiple-choice questions on these topics.
What finance is about
Finance involves creation and maintenance of economic wealth. It also includes deciding how to minimize risk. Investors prefer to receive money today rather than in the future.
Types of business structures
Public corporations can grow more than partnerships or proprietorships. They do this by accessing the capital markets. Investors are compensated for risk by increasing their expected rate of return.
Evaluating financial performance
Financial analysts use ratio analysis to identify a firm's strengths and weaknesses. The break-even model determines how much output to sell to cover all operating costs. It also helps to set appropriate thresholds.
Investment decisions and financing
The internal rate of return helps firms decide whether to invest in new assets. Operating leases are for shorter lengths of time than financial leases. They have income tax advantages. An increase in the corporate tax rate might encourage a corporation to increase its debt ratio.
Key terms
- Profit maximization
- The goal of choosing the investment project with the highest profits.
- Net profit margin
- A measure of profitability calculated as net profit divided by sales.
- Debt ratio
- The proportion of a company's assets financed by debt.
- Quick ratio
- A measure of liquidity using only the most liquid current assets.
- Internal rate of return
- The discount rate that makes the net present value of all cash flows equal to zero.
- Break-even model
- A model that determines the quantity of output that must be sold to cover all operating costs.
Questions this document helps with
- Which type of business structure can access the capital markets?
- How do investors get compensated for risk?
- What is the break-even model used for?
Summary written with AI from the document's text.
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