Fi504 Midterm Exam Paper

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FI504 Midterm Exam Study Guide 1. Know what information is desired by external users of financial statements. INTERNAL USERS Decision Making Human Resources Affordability in regards to pay raise Management Most profitable products Finance Seeing if funds are efficient to pay stockholders Marketing Determining prices that can possibly maximize income EXTERNAL USERS Taxing Authorities Financial charge or other levy Labor Unions Collective bargaining Customers Client, buyer,…show more content…
Be able to calculate net cash provided by operating activities ( Chapter 1) Statement of Cash Flows Cash flows from operating activities 11,200 Cash payments for operating activities (5,500) Net cash provided by operating activities $5,700 4. Know definitions of asset, liability, equity, revenue and

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