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Ch01.3332 - Quiz 1 Construct a simplified Income Statement...

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1 Quiz 1. Construct a simplified Income Statement beginning with Revenues and ending with Earnings Per Share. 2. Construct a simplified Balance Sheet. 3. List the types of financial statements commonly found in annual reports.
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       1 The Role and Objective of Financial Management
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3 Overview This chapter introduces the financial management process of the typical firm. It looks at the field of finance, various financial decisions and their implications, and the daily questions faced by the firm’s financial managers.
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Where does Financial Management fit in the field of Finance?
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5 Primary Areas of Finance  1. Corporate finance, also known as: Business finance Managerial finance Financial Management 2. Investments 3. Financial Markets and Institutions Money and banking
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6 Questions Faced by Financial  Managers Will a particular investment be successful? Where will the funds come from to finance the investment? Does the firm have adequate cash or access to cash to meet its daily operating needs?
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7 Financial Manager’s Decision Areas Long-term: 1. Capital budgeting, the investment decision 2. Capital structure, the financing decision 3. Dividend Policy Short-term: Working capital management
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8 Basic Forms of Business  Organizations Sole proprietorship Partnership Corporation
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9 Sole Proprietorship Owned by one person Advantage: Easy formation Disadvantage: Unlimited liability Disadvantage: Difficulty raising funds Represent 75 percent of all businesses Account for less than 6 percent of total business revenues
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10 Partnership Owned by two or more persons
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