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Business and Finance

Transcript: Business and Finance Charisma Miller 1/24/18 2nd period Job Description-Business Finace pathway manage policy and strategy for captial sturctive , bugetting ,acquiotion and investment,financial modeling and planniong funding, dividents and taxtion. They also helps design, instake,maintain and use genral accounting systems to prepare,analyze and verify financial reports and related economic information to help make important financial decisions for an organzatiion Salary- According to latest statistics economist earn median annual salaries of $95,710. Budget analysts earn median analysts earn median annula salaries of $71,220 Benefits-High Earning potential, A Balanced Life Style, Lots of Career Options, Flexibility and Room for Growth, Job Security, The Opportunity to Continue your Education Types of Day to Day Activities-Accredited Business Advisor, Accredited Tax Advisor, Certified Purchasing Professional, Business Owner Future Empoloyment Outlook- Employment of economist is expected to grow 6 percent, about as fast as the average for all occupations through the year 2024. Demand for economist should grow as a result of the increasing complexity of the global economy additional finaical regulation and a more competitive bussiness environment. c Career Overview Career Overview Things You need to Know for College Type College Major and Degree -Principles of Accounting -Tax Planning and Management -Financail Records Management -Continue Courses in the Area of Specialization -Complete Business Financial Management Major -(4 Year Degree Program) What you need to do in highschool to prepare -9th, English/Language Arts 1, Algebra or Geometry, Biology, and State History -10th, English/Language Arts, Geometry or Algebra 11, Biology or Chemistry, US History -11th, English/Language Arts, Pre Calculus or Algebra 11, Chemistry or Physics, World History Psychology -12th, English /Language Arts IV, Pre Calculus or Calculus or Trigonomerty or Statistics, Physics or other Science Course, Goverment Econmics Things You need to Know for College College Overview Located at 220 Trowbridge Rd, East Lansing, MI 48824 The Major I need to Study - Business and Finance, Management Michigan State University Pictures of Michigan State University Pictures of Michigan State University High School GPA- 3.5-3.9 Class Rank- #81 in Nation University ACT-23-29 SAT- 1,120-1,290 Application Deadline- May 1 Application Fee-$65 Entrance Requirements Entrance Requirements Enrollmemt-50,344 Location-220 Trowbridge Rd, East Lansing, MI 48824 Distance from Chicogo-(219.8 miles) Annual Tuition- In state tuition is 14,460 Out state tuition is 39,405 Room & Board-9,976 Facts About the University Facts about Univerasity Business and Finance, Management In the College of Business Classes that I would have to take-FI 414 – Advanced Business Finance, FI 311 – Financial Management, FI 312 – Introduction to Investments, ACC 305 – Intermediate Accounting for Finance Majors Clubs and Activities-CORPORATE FINANCE and FINANCIAL MARKETS & INSTITUTIONS Interships- Applications are available Facts on Major Facts on Major Extras Major outlook-Employment of economist is expected to grow 6 percent, about as fast as the average for all occupations through the year 2024. Demand for economist should grow as a result of the increasing complexity of the global economy additional finaical regulation and a more competitive bussiness environment.Employment of economist is expected to grow 6 percent, about as fast as the average for all occupations through the year 2024. Demand for economist should grow as a result of the increasing complexity of the global economy additional finaical regulation and a more competitive bussiness environment.Employment of economist is expected to grow 6 percent, about as fast as the average for all occupations through the year 2024. Demand for economist should grow as a result of the increasing complexity of the global economy additional finaical regulation and a more competitive bussiness environment. Extras Course to take-9th, English/Language Arts 1, Algebra or Geometry, Biology, and State History -10th, English/Language Arts, Geometry or Algebra 11, Biology or Chemistry, US History -11th, English/Language Arts, Pre Calculus or Algebra 11, Chemistry or Physics, World History Psychology -12th, English /Language Arts IV, Pre Calculus or Calculus or Trigonomerty or Statistics, Physics or other Science Course, Goverment Econmics What to do to get ready while in high school What to do to get ready while in high school Website Title: Michigan State University. Est. 1855. East Lansing, Michigan[…] Article Title: Michigan State University Date Accessed: January 25, 2018 Author: Michigan State University connection.naviance.com/family-connection/careers/career-cluster/detail/id/6. Bibliography Bibliography

Business and Finance

Transcript: The study of relationships among countries Detects and analyzes an international problem, its causes and possible consequences, and proposes alternative solutions. Designs and evaluates plans, sectoral programs and projects related to international technical cooperation. Compromises all commercial transactions Gives ideas to the companies to make their business better. Education Call potential clients Meet with potential clients Check in with current clients Respond to emails Do necessary paper work Keep up to date it new insurance plans Regular Day/ attitude Business is involved in nearly all aspects of life Average Day Insurance Broker Earnings Earnings Earnings mostly from comission Age 30 around $50k-100k Age 40 around $80k-$600k Retirement $100k-$2Mil+ Age 30- 70,000 Age 40- 70,000-85,000 Special education is not required A collage degree will help: Business- Management Business- Marketing/Sales Business and Finance Retail Store Owner Store owner, manages the store and employes. Keeps Store current with new stuff Makes new ideas to improve store Make new marketing ideas Be good in math and puzzles About 4 to 5 years of college know at least 2 languages International Business Manage/ Open store Solve Problems Talk/ Schedule Make sales goals Help customers Marketing/ Innovation Have a good day Passion /(^.^)/ High School: Take atleast 3 years of math Passion Average Day Money $$$$$ Take math classes Graduate high school Be good with people Get a business or finance degree. Business and Finance The fact that in this career you get to work in all kinds of fields and know a little about everything is what makes me interested. and because i think that its is very important to know how our economy works. How To Prepare Study data think of negotiations be persuasive be nice to the negotiators always be prepare for anything be responsible Average Annual salary: 63k to 80k Sell Insurance to clients & businesses from many different carriers No college degree is required but a bachelors degree is strongly recommended. You should be good with people, decent at math, and have good time management and are organized Education

Business and Finance

Transcript: Business and Finance Fundamental Concepts and Tools of Business Finance Basic Concepts Finance Definition Categories Public Finance deals with the revenue and expenditure patterns of the government and their various effects in the economy deals with an area of general finance which is not classified under public finance concerned with the fundamentals of managing one's own personal money affairs. Finance of Non- Profit Organization includes private undertakings such as charity, religion, and some private educational institutions. Business Finance it covers financial management of private profit-seeking concerns in the business of service, trade, manufacturing, mining, public utilities and financing. Goals of Business Finance realizing the highest possible peso or dollar. when a firm decides on obtaining a higher rate of return on its own investment Maximizing Profit Subject To a Cash Constraint maintaining too large a cash balance reduces the potential rate of return while running out of cash is disastrous. The ideal set-up is to maximize profit while at the same time maintaining the cash balance that will satisfy both requirements. the objective of the firm is to maximize the current value of the company to its stockholders Net Present Worth is equal to the value now of the firm including values arising in the future. computed on its present worth and is added to the other values of the firm with the present. this concept indicates that money increases in value as time passes. Calculation of the Present Worth What is the value today of Php100,000 to be received next year? Assume that the prevailing rate of interest is 10% p.a. Seeking an Optimum Position Along a Risk-Return Frontier a firm can set a goal of achieving the best possible combination of risk and return. Definition of Return on Investment or Net Worth the net income generated by the use of investments or the net-worth of a firm is referred to as return on investment. (Rate of return when expressed in percentage.) Definition of Risk Risk refers to the uncertainty as to loss. When used in finance, the terms applies to the potential incurrence of loss of money or its equivalent. Calculation of Expected Value using Risk and Return the optimum position of risk and return may be determined by calculating the expected value of alternative decisions. expected value of a return on investment = return times the percentage of probability that will happen (risk factor) Natures and Aims of Business Any lawful economic activity which is concerned with making goods available as well as the rendering of useful services to those who want them. (Miranda) All effort primarily concerned with providing for the interested public’s legitimate needs, at the required time and place, at an equitable price, and with reasonable returns to compensate the businessman for his efforts and risks. (Ignacio) Any lawful economic activity concerned with the production or distribution of goods or services for profit. Involves providing and selling s product or service with the aim of obtaining rewards for the private owners (Oxenfeldt) Roles of Business Business firms and the government are oriented towards the provision of goods and services to the society. Business is largely responsible for bringing into the market a wide array of products which was not made available in the past. Kinds of Business Commerce buying and selling of goods and services trading, merchandising and marketing Examples: supermarkets, dry goods store, peddlers, sari-sari store, importers Industry mainly concerned with production of: *consumer’s goods – goods which are intended for ultimate consumption *producer’s goods – intended for use of business and industry Classifications Genetics Industries agriculture, forestry and fish culture Extractive Industries extraction of goods from natural resources (mining, lumbering, hunting and fishing) Manufacturing Industries convert raw materials into finished products (manufacture of drugs, plastics, food, liquor, footwear, motor cars, tools, office supplies household appliances, etc) Construction Industries building infrastructures (airports, seaports, dams and highways); construction of dwelling houses Services sells services to buyers Recreation movie houses, television and radio stations, theaters for drama and stage presentation Personal restaurants, barber shops, transportation, hotels, tailoring shops Finance banks, insurance companies, investment houses, financing institutions, credit unions, savings and loan associations Objectives of Business primarily for profit however, short-term and long-term profits are sacrificed in order to attain non-economic goals like: prestige and popularity; family control; social consciousness professional managers maintain that a business firm should attain the following multiple objectives: the creation and distribution of a product or service the satisfaction of personal objectives protection and enhancement of the human

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