SPTE 440 Final Exam Questions and Answers | 2025 | Verified | Guaranteed Pass

SPTE 440 Final Exam Questions and Answers | 2025 | Verified | Guaranteed Pass finance - answer-Managing money in a business Goal of Finance - answer-Maximize firm value (make the business worth more). Scarcity (Sports) - answer-Leagues limit the number of teams to protect team and league value. Microeconomics - answer-Focuses on individual firms, teams, or businesses. Macroeconomics - answer-Focuses on the entire economy (inflation, interest rates, GDP). Opportunity Cost - answer-The next best alternative you give up when making a choice. Sole Proprietorship - answer-One owner; simplest structure; owner has full risk. Partnership - answer-Two or more owners sharing profits and responsibility. LLC / S-Corp - answer-Protects owners' personal assets; avoids double taxation C-Corporation - answer-Most flexible structure but double taxed (company + owners). Straight-Line Depreciation - answer-Same depreciation amount every year. Double-Declining Balance Depreciation - answer-Higher depreciation in early years, lower later.Sum-of-Years' Digits (SYD) Depreciation - answer-Accelerated method with higher early depreciation. Jock Tax - answer-Athletes pay income taxes in every state/city where they earn income. Time Value of Money - answer-Money today is worth more than the same money in the future. Future Value (FV) - answer-What money will grow into in the future. Present Value (PV) - answer-What future money is worth today. Discount Rate - answer-Rate used to discount future cash flows; higher discount = lower PV