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The Entrepreneurial Mind (Coverage-based) > (M) Chapter 11: Financial Preparation for Entrepreneurial Ventures > Flashcards

(M) Chapter 11: Financial Preparation for Entrepreneurial Ventures Flashcards

1
Q

Used for safekeeping personal cash and earn (minimal) interest

A

Bank Accounts: Certificate of Deposit

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2
Q

Instrument for banks to acquire business capital and/or for further investment

A

Bank Accounts: Certificate of Deposit

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3
Q

What are the types of bank accounts?

A

Savings Account
Checking or Current Account
Time Depositit
Hybrid accounts (premium accounts)

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4
Q

Minimum Deposit/ADB for Savings

A

0, ₱500, ₱1000

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5
Q

Minimum Deposit/ADB for Checking

A

₱10,000

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6
Q

Minimum Deposit/ADB for Time Deposit Acc?

A

₱50k, ₱100k, ₱500k, ₱1M, ₱2M

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7
Q

Annual Interest Earned for Savings

A

0.25%, 0.5%, 1%, 1.25%, 1.5%

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8
Q

Annual Interest Earned for Checking

A

0 for most banks

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9
Q

Annual Interest Earned for Time Deposit

A

Depending on deposit and holding period

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10
Q

T or F: Savings, Checking, and Time Deposit have withholding tax

A

True (Checking, if comes with interest)

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11
Q

T or F: Savings, Checking, and Time Deposit can be accessed via OTC

A

True

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12
Q

T or F: Savings, Checking, and Time Deposit come with ATM cards

A

False (Checking: not all banks; Time Deposit: none at all)

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13
Q

T or F: Savings, Checking, and Time Deposit come with passbooks

A

True

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14
Q

T or F: Savings, Checking, and Time Deposit can be accessed online

A

False (There is no online banking for time deposit) edit: hndi ba to not for all banks lang

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15
Q

What is the withholding period of Time Deposits?

A

Days: 30, 60, 90, 180
Years: 1, 5, 10

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15
Q

T or F: There is a pre-termination fee in Checking accounts

A

False (Time Deposit accounts)

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16
Q

All-in-one savings, current, and time deposit. (Commonly offered by international banks. Seldom, by local banks.)

A

Money Market Accounts

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17
Q

ADB for Money Market Accounts

A

₱100,000

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18
Q

T or F: You can access Money Market Accounts through OCT-passbook, ATM, online, but not chequebook

A

False (you can also access it thru checkbook

19
Q

Type of account where interest is tiered depending on ADB

A

Money Market Account

20
Q

T or F: Money Market Accounts are not subject to withholding tax

A

False

21
Q

Type of account where interest is tiered depending on currency

A

Foreign Currency Accounts

22
Q

Minimum deposit for Foreign Currency Accounts

A

Differ per country

23
Q

T or F: Foreign Currency Accounts are subject to withholding tax

A

True

24
Q

T or F: Foreign Currency Accounts can be accessed thru OTC-passbook, chequebook, ATM, online

A

True

25
Q
A
26
Q

Represent shares of ownership (equity) of a (publicly traded) corporation — thus, stockholders become partial owners of the company

A

Stocks

27
Q

Stocks represent ____________ (equity) of a (publicly traded) corporation — thus, stockholders become ____________ of the company

A

shares of ownership, partial owners

28
Q

Refers to when a corporation goes public, i.e. starts selling stocks

A

IPO (Initial Public Offering)

29
Q

Types of shares to invest on

A

Common Stock
Preferred Stock

30
Q

Type of stocks: high risk, high return depending on the stock market fluctuations

A

Common Stock

31
Q

Type of stock: usually fixed returns, thus, low risk and low return

A

Preferred Stock

32
Q

Refers to purchase and selling price of stocks

A

Stock Price

33
Q

Refers to number of shares of stock

A

Stock Volume

34
Q

Refers to the currency value of shares of stock

A

Stock Value

35
Q

Refers to earnings of the company shared to stockholders

A

Dividends

36
Q

Price to Earnings Ratio (PIE Ratio); could mean overvalued, bought a lot, or good earnings

A

High

37
Q

Price to Earnings Ratio (PIE Ratio); stocks are not popular or earnings could be low

A

Low

38
Q

Price to Earnings Ratio (PIE Ratio); usu. no earnings and not displayed

A

Negative

39
Q

Dividend Yield; earnings are high and/or company pays high dividends

A

High

40
Q

Dividend Yield; earnings are low or company pays low dividends

A

Low

41
Q

Securities sold (issued) by corporations, financial institutions or the government to interested investors (bondholders)

A

Bonds

42
Q

Refers to price of bond at initial purchase; amount to be returned upon maturity of the bond.

A

Face Value (Par Value)

43
Q

Refers to interest paid once or several times for a bond a year until maturity.

A

Coupon

44
Q

Financial Statement Analysis; Each item in the income statement is found as a % of Total Assets.

A

Vertical Analysis

45
Q

Financial Statements Analysis; Trending or comparison of current vertical analysis with previous years’.

A

Comparative Analysis

46
Q

Financial Analysis Statements; Computation of growth rates (or %change) of items in the I/S.

A

Horizontal Analysis

The Entrepreneurial Mind (Coverage-based) (14 decks)

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