Answer D32 for FIN 534 Week 11 and one response to my classmate

STRAYER FIN 534 #1: Please respond to (2) applications of knowledge that you have learned in this course to your current or a future position. #2: respond to my classmate's discussion question: Rate the three (3) most important concepts that you learned in this course in order of importance (one (1) being the most important; three (3), the least). Provide a rationale for your ratings. 1. The time value of money: It is important that a business understands how much money they have on hand to run the business, how they are getting cash, how they can invest and increase their money, what they can do to have inflow of cash for the business , and the real value of money from future investments 2. Financial statements/Ratios and analysis: his is important because you have to understand how to manage your business and whether or not a business is worth investing. By analyzing ratios you can determine solid or poor investments and also what you may need to do in the business in order to increase profitability, cash flow, and more. 3. Stock valuation, dividends, portfolios: (everything related to stocks): understanding stocks and dividends are important to investors. Understanding stock splits and the different concepts of pricing and how to have a balanced portfolio is critical for someone looking to set themselves up in the future. Most times stocks are not a get rich quick scheme it is usually something you do to set yourself up for potential future cash. Propose two (2) applications of knowledge that you have learned in this course to your current or a future position. One of the most important things that I am actually using right now in my job is the concept of capital budgeting. Each department has to look at what needs to be done to the units and we have to make capital bids and measure it against the annual budget. This helps me also have a better understanding why a capital budgeting request will get turned down. We have to plan it for each of our locations for our fiscal 16 so we can allocate the money based on the IRR as well as the budget. The second concept is understanding and using the financial ratios. This will help me determine how I can help a location make more profit by understanding and comparing ratios. This will also let me know how successful we are in the industry. Financial ratios gives me the targets so I know what levers to pull to make the ratios more successful for the hospital. Each of our units impacts the entire hospital which impacts our shareholders and board of directors