FIN 3715 : Sports Finance Final
Document Summary
Part 1) 16 multiple-choice questions, and one short answer. Part 2) two calculation problems worth 50 points. Need a calculator (for subtracting basic numbers, and divide two numbers,) Financial statements= pv(rate,nper,pmt,fv) she wants the calculation not the actual end result. The stuff in bold are the specific things from each chapter she told us to study, everything underneath it is what is on those slides on there given power points. She said all the info if from the power points not the book. Two major activities: forecasting potential revenues, budgeting for future expenses. Sets out a business"s financial targets expressed in monetary terms. Quantifies planned revenues and expenses for a period of time. Steps of budgeting: define financial objectives, establish goals for achieving objectives, identify the activities and quantify the elements needed to achieve established goals, describe factors and situations that may affect planned activities. Primary data or data generated by the business itself.
