300Lecture1

300Lecture1 - Lecture 1, Spring 2008 1 Finance 300- Wendell...

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Unformatted text preview: Lecture 1, Spring 2008 1 Finance 300- Wendell Licon What should you get from this class? 1. Financial problem solving ability 2. You will need to know what information you will require to solve the problem Decision Making Skills Lecture 1, Spring 2008 2 Course Perspective The perspective of the firm ( a company or a business). We are really talking about a corporation . Corporation: a separate legal entity with its own legal/financial life. Advantages: limited liability for the owners (PhilipMorris) Disadvantages: Double taxation 1. Corporate Taxes 2. Dividends Lecture 1, Spring 2008 3 Course Perspective Contd Sole proprietorship: 1. Single owner 2. Form lives and dies with the owner Partnership: 1. General or limited 2. Liability depends on the type of partner for a limited partnership. General partners have unlimited liability. Lecture 1, Spring 2008 4 Course Perspective Contd Financing the assets: What is financing the assets of the firm?...
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300Lecture1 - Lecture 1, Spring 2008 1 Finance 300- Wendell...

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