Transcript HFT 3431 - Dave McKim's Web Site

HFT 3431
Final Exam Review
Exam is Cumulative
 Chapters 1 – 12
 Brown Scantron Form 2052
 Exam Time
 Wednesday 4/29/15 at 7:00 pm
 50 Multiple Choice Questions
 28 Vocabulary
 22 Problems
Vocabulary Samples
 10 Accounting Principles
 Cash vs. Accrual Method
 Balance Sheet Types






 Comparative vs. Common Size
Contribution Margin
Fixed vs. Variable Costs
Step Costs
Relevant Costs
Controllable vs. Non-Controllable Costs
Classes of Ratios
Other Vocabulary
 Schedule of Cash Flows




Operating
Financing
Investing
None
 Types of Expenses
 Fixed
 Variable
 Mixed
Problems
 Ratio Analysis – 5
 Contribution Margin / Ratio
 Breakeven Analysis
0 = SX-VX-F & Variations of the formula








Suggested Menu Price & Multiplier
Simple Rooms Forecast
Revenue / Budget Variance & Expense/Budget Variance
Trade Credit / Discounts
Smoothing Constant used in Forecasting
Interest Rate on Cash Discount
Price Elasticity of Demand
Loan Effective Interest Rate with Compensating Balance
Problems Not to Worry About
 Completing a Balance Sheet or Income
Statement
 Completing a Statement of Cash Flows
Best Way to Study
 Quizzes
 Worksheets
 Prior exams
Questions?
 See you on Wednesday!