Financial Calculator & Software Integration
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Questions and Answers

What is the name of the textbook being described?

Principles of Managerial Finance, Global Edition

What is the edition of the textbook?

Fourteenth Edition

What are the authors' names of the textbook?

Lawrence J. Gitman and Chad J. Zutter

What is the URL for registering the textbook?

<p><a href="http://www.pearsonmylab.com">www.pearsonmylab.com</a></p> Signup and view all the answers

The textbook mentions the use of a financial calculator. What is the name of the tool that can solve math problems in the textbook?

<p>MyFinanceLab</p> Signup and view all the answers

The textbook mentions that there are 15 tutorials for the financial calculator in MyFinanceLab.

<p>True</p> Signup and view all the answers

The textbook states that some end-of-chapter problems can be solved using a simulated Excel spreadsheet in MyFinanceLab.

<p>True</p> Signup and view all the answers

The textbook states that all end-of-chapter problems in MyFinanceLab are algorithmically generated.

<p>True</p> Signup and view all the answers

The textbook states that MyFinanceLab problems are autograded.

<p>True</p> Signup and view all the answers

What is the primary purpose of the MyFinanceLab financial calculator?

<p>To help students practice solving finance-related math problems.</p> Signup and view all the answers

What is the main benefit of the simulated Excel problems in MyFinanceLab?

<p>They help students build skills in using Excel spreadsheets for financial tasks.</p> Signup and view all the answers

The textbook mentions that Tesla Motors was the first automaker to use lithium ion batteries to produce an all-electric vehicle.

<p>True</p> Signup and view all the answers

Tesla Motors reported a loss of $279 million from 2006 to 2009.

<p>True</p> Signup and view all the answers

Tesla Motors' stock price rose from $17 to $24 on its first day of trading.

<p>True</p> Signup and view all the answers

The federal government offered a tax subsidy of $7,500 to anyone who purchased a Tesla vehicle.

<p>True</p> Signup and view all the answers

Tesla Motors became profitable in its first year of operation as a public company.

<p>False</p> Signup and view all the answers

Consumer Reports reported that the Tesla Model S was the best car the magazine had ever tested.

<p>True</p> Signup and view all the answers

Tesla Motors' stock price increased by 57% from May 8 to May 13.

<p>True</p> Signup and view all the answers

Tesla Motors' long-term success will depend on its ability to generate profits without the help of government subsidies.

<p>True</p> Signup and view all the answers

The textbook mentions that corporations account for roughly 80 percent of total business revenues in the United States.

<p>True</p> Signup and view all the answers

The textbook states that manufacturing firms represent the largest portion of corporate business receipts and net profits.

<p>True</p> Signup and view all the answers

Which of the following is NOT a strength of a corporation?

<p>Ease of dissolution</p> Signup and view all the answers

What are the owners of a corporation called?

<p>Stockholders</p> Signup and view all the answers

What is the primary form of ownership in a corporation?

<p>Common stock</p> Signup and view all the answers

What is the definition of a corporate bond?

<p>A long-term debt instrument indicating that a corporation has borrowed a certain amount of money and promises to repay it in the future under clearly defined terms.</p> Signup and view all the answers

What is the typical par value of a corporate bond?

<p>$1,000</p> Signup and view all the answers

The coupon interest rate on a bond represents the percentage of the bond's par value that will be paid annually.

<p>True</p> Signup and view all the answers

Who are the lenders in a bond transaction?

<p>Bondholders</p> Signup and view all the answers

What is the definition of an annuity?

<p>A series of equal payments made over equal time intervals.</p> Signup and view all the answers

What is the difference between an ordinary annuity and an annuity due?

<p>An ordinary annuity's payments are made at the end of each period, while an annuity due's payments are made at the beginning of each period.</p> Signup and view all the answers

An annuity due is more valuable than an ordinary annuity.

<p>True</p> Signup and view all the answers

What is the most efficient way to calculate the present value of an ordinary annuity?

<p>Using a financial calculator</p> Signup and view all the answers

The formula for the future value of an annuity can be modified to find the future value of an annuity due by adding one period of interest to the original calculation.

<p>True</p> Signup and view all the answers

The formula for the present value of an ordinary annuity can be modified to find the present value of an annuity due by multiplying the result by (1 + i), where i is the interest rate.

<p>True</p> Signup and view all the answers

What is a perpetuity?

<p>A stream of equal payments that continues forever.</p> Signup and view all the answers

The present value of a perpetuity is equal to the annual cash payment divided by the interest rate.

<p>True</p> Signup and view all the answers

Which of the following is NOT a drawback of the payback period method?

<p>It is a relatively simple method to understand and use.</p> Signup and view all the answers

Study Notes

Financial Calculator and Software Integration

  • Financial Calculator app available for smartphones and computers
  • Calculator includes future and present value functions
  • Fifteen tutorials on calculator use provided
  • Tutorials cover IRR and bond valuation
  • Simulated Excel problems available in MyFinanceLab
  • Algorithmically generated values for each problem (Excel format)
  • Autograded problems
  • Learning Aids provided for both Excel and problems

Textbook Features and Resources

  • Learning Goals listed at start of each chapter
  • "Why This Chapter Matters to You" feature highlights professional and personal benefits
  • Real-company examples for each chapter
  • Key terms bolded in the margins and glossary
  • "Matter of Fact" boxes with interesting facts and data
  • Key equations in blue boxes
  • Review questions at the end of sections
  • Excel Review Questions in MyFinanceLab (simulated problems)
  • "In Practice" boxes with company examples and critical thinking questions
  • "Focus on Ethics" boxes with ethical issues
  • "Global Focus" boxes focusing on international finance

Financial Concepts and Tools

  • Time value of money (present and future value calculation techniques)
  • Examples incorporating time lines and equations
  • Use of financial calculators and spreadsheets
  • Personal Finance Examples in chapter
  • Use of Interest Rate Factors
  • MyFinanceLab supplement for interest rate factors

Book Structure and Information

  • Textbook is a "Global Edition"
  • Textbook authors and affiliations
  • Contact information for publishers
  • Author dedications

Business Organization Forms

  • Sole Proprietorship
  • Partnership
  • Corporation ( strengths and weaknesses, compared)

Corporate Bonds

  • Long-term debt instrument
  • Par value ($1000)
  • Coupon rate (percentage of par value paid annually)
  • Bondholders as lenders
  • Bond characteristics (maturities of 10-30 years)
  • Semiannual interest payments

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Description

Explore the functionalities of the Financial Calculator app, designed to assist both beginners and experienced users with present value and future value computations. This quiz also covers essential tutorials on topics like IRR and bond valuation, and the use of Excel in finance. Test your knowledge with autograded problems and learning aids that solidify your understanding of financial concepts.

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