Exam 3 Review

1
HFT 3431

• Exam 3 Review

2
This Exams Covers

• Chapter 9
• Forecasting
• Chapter 10
• Budgeting
• Chapter 11
• Cash Management
• Chapter 12
• Internal Controls

3
Chapter 9

• Problems
• Simple Forecasting
• Forecasting using Smoothing Constant
• See Worksheet Problems

4
Chapter 10

• Problems
• Revenue Budget Variance
• Total
• Price
• Volume
• Price-Volume Variance
• Cost Budget Variance
• Total
• Cost
• Volume
• Cost Volume Variance
• If this is negative, it means that it is ??
• Follow formulas as written

5
Chapter 11

• Problems
• Compensating Balance Effective Interest
• Lock Box Break Even Cost
• Trade Credit Discounts / Effective Interest Rate
• Cash Flow/Collections
• See worksheet problems

6
Chapter 12

• Multiple Choice
• Vocabulary questions

7
Summary

• 50 Multiple Choice Questions
• You will need a brown Scantron Form 2052
• Pencils
• You will need a calculator - no exceptions!
• No sharing
• No cell phones
• Questions?