StudyGuideMid1.docx - FIN 300(Sacks Midterm#1 Study Guide Chapter 1-5 10 questions Cheat\/Formula Sheet(one side All topics Study what it is and how it

StudyGuideMid1.docx - FIN 300(Sacks Midterm#1 Study Guide...

This preview shows page 1 - 3 out of 7 pages.

FIN 300 (Sacks) – Midterm #1 Study Guide Chapter 1-5 10 questions! Cheat/Formula Sheet!!! (one side) All topics: Study what it is and how it works. If topics contain equations – be sure to be able to apply them. If topics include graphs – be sure you understand them and can reproduce them. Chapter 1 and 2 Forms of Business Organization o Sole proprietorship- simply refers to a person who owns the business and is personally responsible for its debts. o Partnership General partner A general partnership is an arrangement by which two or more persons agree to share in all assets, profits and financial and legal liabilities of a business. Such partners have unlimited liability, which means their personal assets are liable to the partnership's obligations. Limited liability partners A limited liability partnership is a partnership in which some or all partners have limited liabilities. o Corporation S corp C corp o LLP o LLC Capital Budgeting vs Financial Decisions
o Capital Budgeting- what types of productive assets to purchase o Financing decisions- ways to raise cash and pay for investments Primary vs. Secondary Markets o Primary Market- additional shares sold by established, publicly owned companies o Secondary Markets- trading in the outstanding shares of established, publicly owned companies.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture