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22 Cards in this Set
- Front
- Back
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Name four types of bonds
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General obligation. issued by states
Revenue . Issued by authorities based on general revenue Industrial development. Exempt facility bonds Hybrid. Combined with PFC and another source |
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Airport and airway revenue act provided for?
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Taxes or user fees to airline tickets and other users to provide revenue for improvements
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Acip
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Airport capital improvement program
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TIP
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Transportation Improvement Program
Airports need a TIP orA CIP to obtain AIP funds |
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Airports should self ensure as much as possible. T or F
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True
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What are two main avenues for airport rates and charges?
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Compensatory. Low risk as airlines come up wit the differenc
Residual. Airports have risk but rewards as they can use profits as they wish |
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Name the property management strategies?
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Direct lease
Master concession Combination |
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How can leases be managed?
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Straight lease
Graduated lease Re evaluated Per cent of sales |
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FAA regs that specify "shall"?
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Sets a standard
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FAA regs that specify should?
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Recommended practice
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Who are the Core Planning Team?
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Stakeholders in a decision
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Advantage of MAG?
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Revue c an be used to budget
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Does factors are involved in finance?
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The planning and management of acquisition funds and cash flow
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Three types of financial documents are?
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Balance sheet-assets and liabilities
Income statement-revenue minus expenses Cash flow-cash at the start of the period and what is left |
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What is a current ratio?
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Current assets/current liabilities. Should be above one
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What is profit margin?
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Net income/revenueX100
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What is return on assets?
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Net income/total assets is success of of converting resources to profits
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Debt ratio is what?
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Total debt/total assets if over 1 you have borrowed more than you can cover
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How do we classify expenses?
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Operational wages, maintain,advertising
Non operational. Depreciation, debt service, interest, licenses |
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What is the budget cycle?
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Budget prep
Submission to legislative body Execution Auditing |
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What are the types of budgeting?
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Traditional percent increase
Capital. Finance long term projects Performance based. Based on goals |
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PFC rules?
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Airport with over 2500 pax per annum can charge up to &4.50
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