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Fin 331 Exam 1 Van Ness Questions and Complete Solutions Graded A+
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Fin 331 Exam 1 Van Ness Questions and Complete Solutions Graded A+
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Fin 331 Exam 1Van Ness
Questions and
Complete Solutions
Graded A+
Denning [Date] [Course title]
, proprietorships and partnerships (LLC's and LLP's) - Answer: Advantages:
easy to form, subject to few regulations, no corporate income tax
disadvantages:
difficult to raise capital, unlimited liability, limited life
corporation - Answer: advantages:
unlimited life, ease of ownership transfer, limited liability, ease of raising capital
disadvantages:
double taxation, cost of setup and report filing
true/intrinsic - Answer: in equilibrium a stock should equal the ___________ value
long run - Answer: intrinsic value deals with the _______ ____
risky, limit - Answer: stockholders more likely to prefer ______ projects, bondholders want to _______
risk
shareholder wealth maximization (maximizing stock price) - Answer: what is the primary goal of
financial management?
primary CFO tasks - Answer: to make sure good accounting is provided, firm is financing in proper
manner, proper evaluation of operating units, proper evaluation of capital expenditures
balance sheet - Answer: provides a snapshot of a firm's financial position at one point in time
income statement - Answer: summarizes a firm's revenues and expenses over a given period of time
statement of sockholder's equity - Answer: shows how much of the firm's retained earnings were
retained rather than paid out as dividends
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