Finance Quiz

The finance function and its relation to other decision-making areas in the firm; the study of theory and techniques in acquisition and allocation of financial resources from an internal management perspective.

In this assignment, you will be creating a list of your skills, values and personality traits. Be sure to use the text material and lectures to assist you with completing the assignment.

I. The US has failed its obligation to provide health care for millions of uninsured Americans.

The purpose of a finance department is to assist the business in achieving profit levels. This can be achieved by;

552. CHAPTER 5—GROSS INCOME: EXCLUSIONS Question MC #1 The taxpayer’s marginal tax bracket is 25%. Which would the taxpayer prefer?

The major difference between healthcare finance terminology and business finance terminology is that these terms focus on factors unique to the health services industry. For example, the provision of health services is dominated by not-for-profit or¬ganizations (such as ours), which are inherently different from investor-owned businesses. Also, the majority of payments made to health¬care providers for services are not made by patients—the consumers of the services—but rather by some third-party payer (e.g., a commercial insurance company or a government program). Even the purchase of health insurance is dominated by employers rather than by the individuals who receive the services. These terms emphasize ways in which the unique features of the health services industry affect financial decisions. The healthcare industry is a service industry. It is not in the business of manufacturing, say, widgets. Instead its essential business is the delivery of healthcare services. It may have inventories of medical supplies and drugs, but those inventories are necessary to service delivery, not to manufacturing functions. Because the business of healthcare is a service, this overview of key healthcare terminology will focus on the practice of financial management in the services industry.

The University of South Alabama uses a student I.D card, (known as the ‘Jag card’), as the official Identification of each student. It has a picture of that student on it, also there student ID number(Jag number). Every student receives one at there freshman orientation but before you are able to receive a Jag card you must show a current schedule proving you're a current student, and show a photo ID, proving you are who you say you are. Those are the safety precautions, so that someone who is not a student is not able receive a Jag card. I have evaluated the Jag card with the help of the following criteria, must allow access, must be able to make purchases with Jag card, and must be very durable.

The Internal Audit Department has completed the previously acknowledged tests to the best of our ability. The findings of these tests along with recommendations of follow up are provided within this memo.

16. Ace Builders had the following transactions in June: Earned $4,000 “on account;” collected $3,000 from a customer which was owed from a previous month; incurred $500 of repair expense and paid cash to the repairman; paid $1,200 to a supplier that it owed from the previous month; paid out $800 in cash drawings to the owner. How much was the Net income in June?

(5 points) In a world with no frictions (i.e., taxes, etc.), having debt is always better because it increases the value of the firm/project.

2) An individual who invested $100,000 in average stocks early in the year 2000 would have

average initial return on IPO`s = (40% + 20% + 0% + (-12%))/4 = 12%

Which of the following would not be a valid reason to keep some currency on hand at a place of business?

The after-tax yield on the corporate bonds is: 0.09 × (1 – 0.30) = 0.0630 = 6.30% Therefore, municipals must offer at least 6.30% yields.

Yields on municipal bonds are often lower than corporate or Treasurybonds with comparable maturities, because of the important advantage of not being taxed at the government level. The feature of this bond is low default risk, may be exempt from local authorities taxes and not very attractive.