MGMT310_lecture8_review

MGMT310_lecture8_review - Lecture 8: Review Day! Lecture 8:...

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cture 8: Review Day! Lecture 8: Review Day! Announcements : No new material is being introduced today. Exam: Wed. Feb 8 Time/Location: in class Exam will cover everything we’ve done so far in class I’ll post exam solutions on Katalyst, Wednesday night after the exam! Extra office hours in honor of the exam! I will hold extended office hours tomorrow (Tuesday 2/7) from 5:30 pm to 8:00 pm My office is in Krannert 541
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Exam rules You may only bring pen/pencil and (up to two) calculator (no sharing!!) You must show your work to receive credit (even for multiple choice Q’s) You must write your final answers *clearly*inthe provided boxes!! None of this  
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Financial statements overview come Statement alance sheet Income Statement Net sales (Revenue) –cost of goods sold, gen. adm. expenses Balance sheet Current Assets Current Liabilities Fixed Assets Long Term Debt – depreciation = EBIT – interest paid Taxable Income (EBT) Shareholders’ Equity Total Assets = Total Liabilities + SHE = Taxable Income (EBT) –taxes = NET INCOME (i.e., earnings) Warning : Earnings actual cash flows!!
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Self test problem (ch 2, pg 38) les 2008 4 203 2009 4 507 Sales Cost of goods sold Depreciation $4,203 2,422 785 $4,507
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MGMT310_lecture8_review - Lecture 8: Review Day! Lecture 8:...

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