Question: help with examples Dylan is currently a manager of a small financial planning firm. He is seeking a new career with a large corporation in







help with examples
Dylan is currently a manager of a small financial planning firm. He is seeking a new career with a large corporation in the banking industry. He recently applied for the financial manager opening at JP Stanley. He is concerned that the transition from his small firm to a large corporation will be difficult. To better prepare himself for this change, he has decided to enroll in a few business classes to strengthen his understanding of corporate finance. The business classes have proven to be a valuable tool for learning the critical skills needed to fully understand a financial plan, equity financing, and debt financing. Dylan now believes he has strengthened his competitive advantage in his quest for the job. Refer to Dylan's Transition. When Dylan creates a financial plan, in his current job or his desired one, what should be his first step? a. Decide which goals to finance b. Identify available sources of financing c. Establish a set of valid goals and objectives d. Determine how much money is needed to accomplish each goal e. Describe which type of financing to use Digital Art Company, which sells prints and NFTs, has issued only common stock. Currently, it has 10,000 shares outstanding. The value of the stock is shown as $20 per share. In addition, $100,000 of Digital Art's earnings have been reinvested in the business since it was founded. What is Digital Art's total owners' equity? a. $2,000,000 b. $200,000 c. $300,000 d. $100,020 e. $100,000 or businesses, newly enacted financial laws and regulations will likely increase the time and cost of obtaining financing. True False Gillian's small business has taken out a long-term business loan to pay for new equipment. The loan agreement probably specifies that it be repaid a. in two to three years b. in three to seven years c. at the end of ten years d. at the end of the first year e. before the end of the first year If Kohl's is getting ready for its peak selling season, likely its greatest need for short-term financing will be for a. new locations b. extending long-term credit c. additional cash registers d. inventory e. new-product development $500,000 last year. After deducting cost of goods sold, operating expenses, and income taxes, the firm had a net income of $50,000. What is Mikaela's net profit margin? a. 10 percent b. 15 percent c. 1 percent d. 33 percent e. 25 percent Jagvir Singh is hired by Sylvia Wang to help with budgeting, determining the costs of the firm's meal services, and recording transactions and creating financial statements. Jagvir is a a. clerk b. corporate accountant c. budget manager d. public auditor e. private accountant Kobe and Akeelah decide to open a new restaurant. They each contribute $10,000 to get the business off the ground. How should their contributions be classified? a. Sales revenue b. Short-term financing c. Equity capital d. Cash flow e. Long-term debt