Operating income aka is - Study guides, Class notes & Summaries

1. What is Accounting?: Accounting is the language of business; it is a standard set of rules for measuring a company's financial performance. Assessing a company's financial performance is important for: The firm's officers (managers and employees) Investors Lenders General public Standard financial statements serve as a "yardstick" of communicating financial performance to the general public. 2. Why is Accounting Important?: Enables managers to make corporate decisions Enables t...

cash flows from financing activities - ️️cash inflows and outflows related to external sources of financing (owners/investors and creditors) for the enterprise. Under GAAP, dividends paid is in this section. Under IFRS, dividends paid may be in operating section an interest paid my be here. Real accounts - ️️Asset, liability, and equity accounts; these accounts appear on the balance sheet. Companies do not close real accounts, also called permanent accounts. Eg. PPE, land &building...

Trading on the NYSE is executed without a specialist (i.e. a market maker). - False Accruals - are expenses a firm owes but hasn't paid yet. (Like wages - the employee has worked, but his check hasn't been cut yet.) Which of the following best describes the guiding principle for revenue recognition within accrual accounting system: - Revenue is reported when the earnings process is complete A high-quality customer just purchased $500,000 worth of product from your company. The contract ca...

IAAO Course 102- Review with Complete Solutions Components of Capitalization Process - ANSValue, Net Operating Income, and Capitalization Rate The underlying economic principle of 3 approaches to value - ANSsubstitution Market Value is also known as - ANSvalue in exchange Most probable price the property will sell for in an arm's-length transaction under normal conditions on the open market - ANSmarket value Higher Cap Rate - ANSMeans Higher Risk and Lower Overall Value Lower Cap Rate ...

T1 Primary financial markets - the markets in which securities (stocks and bonds) are first issued. This is where the issuers (the firms) and the buyers (the investors) will engage in an exchange. T1 Syndicate - When a company wants to issue stock, bonds, or other publicly traded securities, it hires an * underwriter * to manage what is often a long and complex process. After determining the offering structure, the underwriter usually assembles what is called a syndicate to get help manage t...

CLFP Exam Questions and Answers Latest Update Scored A+. Oldest Record of Leasing correct answer2010 B.C. in Sumerian City of Ur using Clay tablets for ag tools, land & Water rights, oxen and other animals Code of Hammurabi correct answer1750 BC, acknowledged leasing of Personal Property. First Record of Leasing First Example of A True Lease correct answerShip Charters. Phoenicians leased the ship and crew requiring them to assume benefits and obligations of ownership Statue of Wales corr...

Constructive eviction → Acts done or not done by the landlord which materially disturb or impair tenants occupancy so as the tenant is forced to leave Surrender and acceptance → Mutual agreement to terminate lease The residential landlord and tenant act → Covers leased structures used as home, residence or sleeping place. EXCLUDES nursing homes, lease to own, dorms, frats, resident managers homes Law of agency → Statutory law controlling the rights and duties of clients (princ...

WGU C214 Financial Management Exam | Latest 2023/ 2024 | Questions and Verified Answers| A+ Grade QUESTION What is a required return? Answer: The minimum yield or profit necessary to induce investors to buy the security. QUESTION How is the required return line determined? Answer: It is determined by supply and demand QUESTION What do investors require to compensate for higher risk? Answer: They require higher returns, also known as risk premium ...

Medicare - ️️Federal program that helps those over 65, those on dialysis/ESRD, and combines with state run Medicaid, younger people who are permanently disabled, and physician residency training Breakeven - ️️Needed in order not to lose money; minimum patients needed to meet budget using minimum staffing; can't control admissions but some would work with staffing office to ensure minimum occupancy occurred Zero-Based Budget - ️️With each new budget (i.e. fiscal year), it is ...

What are the three financial statements, and what do they do - Answer income statement, balance sheet, cf statement they communicate the finanical conditions, results of operations, and other activties of an organization. The three finanical statements provide info to various stakeholders. How does the board of directors use finanical statements? - Answer to hold mgmt acountable, make board-level decisions about corporate strategy company mgmt-- how do they use fina statements? - Answer t...