(b) Crosssectional (c) Marginal (d) Quantitative 1.2. _________ analysis involves comparison of current to past performance and the evaluation of developing trends. (a) Timeseries (b) Crosssectional (c) Marginal (d) Quantitative 1.3. Present and prospective shareholders are mainly concerned with a firm’s (a) risk and return. (b) profitability. (c) leverage. (d) liquidity. 1.4. The _________ is useful in evaluating credit and collection policies. (a) average payment period (b) current
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Part 1 Introduction to Managerial Finance Chapter 1 The Role and Environment of Managerial Finance Chapter 2 Financial Statements and Analysis Chapter 3 Cash Flow and Financial Planning Chapter 1 The Role and Environment of Managerial Finance LEARNING GOALS LG1 LG2 LG3 LG4 LG5 LG6 2 Define finance‚ the major areas of finance and the opportunities available in this field‚ and the legal forms of business organization. Describe the managerial finance
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decentralized firm‚ transfer prices generally play two important roles: 1. Allocate profits between different tax jurisdictions for taxation purposes 2. Coordinate economic activity within the firm Firms can choose to use different transfer prices for taxes and financial/internal reporting. The use of transfer prices allows central management to generate individual profit figures for different divisions. The transfer price is an expense on the income statement of the receiving division‚ and a revenue
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Sixteenth Amendment direct taxes were illegal. All U.S. taxes are based on an individual’s income. Customs taxes are imposed on exports to protect our natural resources from leaving the country. Also‚ some states tax natural resources‚ and some countries restrict and tax the amount of natural resources leaving their country. Property taxes are a major source of revenue for the federal government. The value-added tax is an example of an indirect tax that is similar to sales taxes. The U.S. federal
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variable inputs you add such labor the more likely the input is going to fall. * Average variable costs (AVC) equals variable cost divided by quantity produced‚ AVC = VC/Q. * “As more and more of a variable input is added (i.e.‚ labor) to an existing fixed input‚ eventually the additional output one gets from that additional input is going to fall.” * If marginal productivity is rising‚ marginal costs are
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this firm? Income statement Sales 585000 Costs 273000 Deprectiation 71000 EBIT 241000 Interest 38000 Taxable income 203000 Taxes 81200 Net Income 121800 6. Calculating Taxes The SGS Co. Had $274‚000 in taxable income. Using the rates from Table 2.3 in the chapter‚ calculate the company’s income taxes. 0.15(50000)+0.25(25000)+0.34(25000)+0.39(173000)=89720 9. Calculating Net Capital Spending Rotweiler Obedienece School’s December 31‚
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* Calculating Earnings and Dividends per Share * Earnings per share = Net income/Total shares outstanding * Dividends per share = Total dividends/Total shares outstanding »Taxes: * Average tax rate: total taxes paid divided by total taxable income * Marginal tax rate: amount of tax paid on an additional dollar of income‚ usually 35% »Statement of Cash-Flows - Cash‚ i.e. liquidity flow (not profit)‚ that comes in and goes out over some period of time
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emission taxes and cap-and-trade policies. Overview of Policy Problem: Carbon emissions reduction Consider a company that faces an increasing marginal pollution abatement cost curve as in the Figure 1. Left unregulated it will choose not to reduce its carbon emissions (a.k.a abate carbon emissions) and avert facing the costs of abatement represented by the area underneath the marginal abatement cost curve represented by area (B + C + D) in the diagram below. Figure 1: Marginal Costs and
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EXAM 2 STUDY GUIDE – CHAPTERS 7 - 10 (partial) ECON 204 SPRING 2013 Chapter 7 Inflation Deflation Effects of Inflation 1. Price effects a. Real vs. nominal income 2. Income effects 3. Wealth effects Money illusion Measuring inflation • Consumer Price Index (CPI) • Market basket Construction of a Price Index 1. Calculate cost of basket in each year 2. Create Price Index using chosen base year = ∗ 100 • Say’s Law Keynesian Theory • Inherently unstable economy • Government
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A tax system is simply the collection of taxes in an economy. It is a sum of money paid by people or businesses to a government‚ to be used for public purposes. Taxes are raised through various means and the systems vary for each country. The main taxes in the UK‚ USA and Australia will be explained. Countries use the taxes they receive in different ways. Aims and targets of most countries vary‚ as does the amount of tax generated. Due to this‚ expenditure is prioritised and spent accordingly
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