Day 14-Midterm Exam Review-10.19.11

Day 14-Midterm Exam Review-10.19.11 - Business Management...

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Unformatted text preview: Business Management 201 Day 14 Midterm Exam Review October 19, 2011 Day 14 Agenda 1) Women in Finance 6:00-7:00 Tonight in 710 TNRB 2) Midterm Exam in Testing Center October 19-21 3) POW #6: Duration & Citigroup due Friday, October 21 at 11:59 PM 4) Course Survey 5) Remaining TA Review Sessions this Week: TA Open Lab Session—Wednesday 12:00-2:00 in 135 TNRB TA Open Lab Session—Thursday 11:00 AM-12:00 PM in 3108 JKB TA Review Session—Thursday 5:00 PM-7:00 PM in 3714 HBLL TA Open Lab Session—Friday 11:00 AM-1:00 PM in 184 TNRB 1) Midterm Exam Review Midterm Exam Midterm Exam Review Review Midterm Exam Details 0 Questions [2.5 points each] ALL Multiple Choice o True/False Questions aterial Covered: Chapters 2-6 o Time Limit [Average Time: 2 hours 9 minutes 55 seconds] ctober 19-21 [Testing Center closes at 10:00 PM ] inancial Calculator [NO graphing calculators] Financial Financial Statements Statements Balance Sheet Assets Liabilities & Owners Equity Current Assets Cash Marketable Securities Accounts Receivable Prepaid Expenses Inventories Fixed Assets Land Plant & Equipment Less: Depreciation Current Liabilities Accounts Payable Notes Payable Accrued Salaries Long-Term Liabilities Mortgage Debt Debentures Owners’ Equity Common Stock ($1 Par) Add’l Paid In Capital Retained Earnings Investment Decision Financing Decision Income Statement Income Statement REVENUE- Cost of Goods/Services GROSS PROFIT- Operating Expenses N ET OPERATING INCOME (NOI ) or EARNINGS BEFORE INTEREST & TAXES (EBIT)- Interest Expense- Income Taxes NET INCOME- Dividends on Common & Preferred Stock INCREASE IN RETAINED EARNINGS Ratio Analysis Ratio Analysis RATIOS ANSWER QUESTIONS ABOUT THE FIRM’S: 1) Liquidity 2) Efficiency 3) Leverage (Financing) 4) Profitability Key Liquidity Ratios Hint: What you are “turning over” is always the denominator. • Current Ratio = Curr. Assets / Curr. Liabilities • Quick Ratio = (Curr. Assets-Inventory) / Curr. Liabilities • Average Collection Period = A.R. / Daily Credit Sales • A/R Turnover = Credit Sales / A.R. • Inventory Turnover = COGS / Inventory Key Efficiency Ratios Hint: What you are “turning over” is always the denominator....
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This note was uploaded on 01/06/2012 for the course BUS M 201-1 taught by Professor Jennlarson during the Fall '11 term at BYU.

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Day 14-Midterm Exam Review-10.19.11 - Business Management...

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