FIN 101 - Study guides, Class notes & Summaries

Ball State FIN 101 Exam 1 (Olga) Exam questions with correct answers 2026/2027 Edition Graded A+ Personal Finance planning -The process of organizing and planning your income, expenses and savings to accomplish significant long-term goals Importance of Investing Early -Earlier you start and the higher earning interest will accumulate the mos

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10 pages

Written in 2026/2027

Grade A+

Wisegrades

BUS 101- Test Outline Exam questions with correct answers 2026/2027 Edition Graded A+ Analytics The process of discovering, interpreting, and communicating data to support decision-making Why use analytics? To make better decisions What are the four types of analytics in order? 1. Descriptive (what happened?) 2. Diagnostic (why did it happen?) 3. Predictive (what will happen?) 4. Prescriptive (what should w

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14 pages

Written in 2026/2027

Grade A+

Wisegrades

ACC 101 chapter 1 Exam questions with correct answers 2026/2027 Edition Graded A+ Business -Is an organization in which basic resources (inputs) such as materials and labor are assembled and processed to provide goods or services (output) to customers Profit -Is the difference between the amounts received from customers for giods or services and the amounts paid for the inputs used to provide the goods or services. Service business -A business that provides a service Travel agency; phy...

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15 pages

Written in 2026/2027

Grade A+

Wisegrades

ACCT 211 Ch 1 Exam questions with correct answers 2026/2027 Edition Graded A+ Define accounting -It identifies, records, and communicates business transactions or communicates financial information An external user of accounting information -does not directly run the organization A process of analyzing data to identify meaningful relations and trends is called data... -

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11 pages

Written in 2026/2027

Grade A+

Wisegrades

FIN 101Exam2 questions with correct answers 2026/2027 Edition Graded A+ Investing is considered a short-term activity that involves the buying and selling of securities. -False Investing and speculating are two entirely different activities. - True Two prerequisites to investing are above average risk and clear understanding of market direction. -False The major reason most people inve

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25 pages

Written in 2026/2027

Grade A+

Wisegrades

D196 - Principles of Financial and Managerial AccountingnExam questions with correct answers 2026/2027 Edition Graded A+ Managerial Accounting accounting information prepared for use inside the company Financial Accounting accounting information prepared for the use of those outside the company (investors,

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20 pages

Written in 2026/2027

Grade A+

Wisegrades

Accounting 101 Formulas Exam questions with correct answers 2026/2027 Edition Graded A+ Accounting Equation -Assets = liabilities + equity Current Ratio Equation -current assets/current liabilities Stockholders equity equation -beginning equity + common stock issued + net income (or - net loss) - dividends = end equity Net income equation -revenues - expe

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11 pages

Written in 2026/2027

Grade A+

Wisegrades

Accounting 101Fundamental Accounting Principles Exam questions with correct answers 2026/2027 Edition Graded A+ Accounting -The information system that measures business activities, processes that information into reports and financial statements, and communicates the results to decision makers. Recordkeeping -Part of accounting that involves recording transactions and events, either manually or electronically; also called bookkeeping.

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7 pages

Written in 2026/2027

Grade A+

Wisegrades

FIN 101 Exam questions with correct answers 2026/2027 Edition Graded A+ Which of the following elements influence your view of the financial world? I.Your risk tolerance II.How much you believe you control your financial future. III.Knowledge about personal finance topics -I, II, and III Someone who feels that investing is too difficult to understand likely: A. has a lower level of financial literacy. B. feels in control of his or her financial situation. C. is positioned to maximize ...

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47 pages

Written in 2026/2027

Grade A+

Wisegrades

FIN 101 CHP 8 Exam questions with correct answers 2026/2027 Edition Graded A+ Which of the following growth valuation methods assumes no change in the dividend rate? -Zero-growth What is a dividend? -A return of profits to shareholders What is the purpose of stock valuation? -To determine the correct price for a share of stock.

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6 pages

Written in 2026/2027

Grade A+

Wisegrades

Accounting 101 Exam questions with correct answers 2026/2027 Edition Graded A+ Account -A record that summarizes all the transactions pertaining to a single item in the accounting equation. Account balance -The difference between the increases and decreases in an account. Account number - The number assigned to an account. Account title -The name given t

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15 pages

Written in 2026/2027

Grade A+

Wisegrades

FIN 101 Exam questions with correct answers 2026/2027 Edition Graded A+ A business entity which is treated as a legal "person" is called a: A. limited partnership. B. sole proprietorship. C. general partnership. D. corporation. E. private venture. -D

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16 pages

Written in 2026/2027

Grade A+

Wisegrades

Accounting 101 Chapter 3 and 4 Exam questions with correct answers 2026/2027 Edition Graded A+ accrual based accounting -Record transactions that change a company's financial statements in the periods in which the events occur. cash based accounting --recording transaction when cash is received -fails to record revenue that is ea

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9 pages

Written in 2026/2027

Grade A+

Wisegrades

ACC 101 Chapter 3 Exam questions with correct answers 2026/2027 Edition Graded A+ The following adjusting journal entry does not include an explanation. Select the best explanation for the entry. -Record Supplies Used Adjusting entries affect only expense and asset accounts. -

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10 pages

Written in 2026/2027

Grade A+

Wisegrades

Fin 101 Exam questions with correct answers 2026/2027 Edition Graded A+ The _____ is a really good second mortgage on your home. - Home equity line of credit For a person who sometimes pays his entire credit balance and sometimes pays the minimum payment, which calculation method would be the least expensive? -average daily balance excluding new purchases

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6 pages

Written in 2026/2027

Grade A+

Wisegrades

FIN 101 Final Exam questions with correct answers 2026/2027 Edition Graded A+ The maximum amount of money you could lose in a short sale is____ at the time of the transaction. Known/Unknown -Unknown A ____ market is characterized by falling stock prices Bull/Bear -Bear

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21 pages

Written in 2026/2027

Grade A+

Wisegrades

ACC 101 STUDY GUIDE Exam questions with correct answers 2026/2027 Edition Graded A+ Q: Customer pays cash for services performed. -A: Debit Cash, Credit Service Revenue Q: Customer receives services now and pays later. -A: Debit Accounts Receivable, Credit Service Revenue Q: Customer pays before work is completed. -

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14 pages

Written in 2026/2027

Grade A+

Wisegrades

ACC 101 Final Exam questions with correct answers 2026/2027 Edition Graded A+ Financial accounting is often referred to as a: Language of business 3 multiple choice options In what order are the following financial statements prepared? Income Statement, Statement of Stockholders Equity, Balance Sheet 3 multiple choice options Fundamental qualitative characteristics of accounting information are: Faithful representation and releva

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45 pages

Written in 2026/2027

Grade A+

Wisegrades

Bus 101 ch 3 Exam questions with correct answers 2026/2027 Edition Graded A+ Organizational Culture - ANSWER Its important to establish a set of core values with input from employees and then refer to the values as guiding principles for both large and small decisions Identify Core Values of Organization - ANSWER - recruiting and selecting promising employees who embrace those values is critical ex. Patagonia focuses its missions and messages on simplicity, utility and supporting the ...

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11 pages

Written in 2026/2027

Grade A+

Wisegrades

FIN 101 Midterm 2 Exam questions with correct answers 2026/2027 Edition Graded A+ 1.What condition must exist if a bond's coupon rate is to equal both the bond's current yield and its yield to maturity -D. The bond must be priced at par. 2.What is the principal amount of a bond that is repaid at the end of the loan term called -E. F

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23 pages

Written in 2026/2027

Grade A+

Wisegrades