Chapter 01 - 1-1 CHAPTER 1Introduction to Financial...

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Unformatted text preview: 1-1 CHAPTER 1Introduction to Financial ManagementForms of BusinessesGoals of the CorporationStock Prices and Intrinsic ValueSome Recent TrendsConflicts Between Managers and Shareholders 1-2Alternative Forms of Business OrganizationProprietorshipAn unincorporated business owned by 1 individualPartnershipAn unincorporated business owned by 2 or more peopleCorporationAn incorporated business owned by many shareholders 1-3Proprietorships & PartnershipsAdvantagesEase of formationSubject to few regulationsNo corporate income taxesDisadvantagesDifficult to raise capitalUnlimited liabilityLimited life 1-4CorporationAdvantagesUnlimited lifeEasy transfer of ownershipLimited liabilityEase of raising capitalDisadvantagesDouble taxationCost of set-up and report filing 1-5Financial Goals of the CorporationThe primary financial goal is...
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This note was uploaded on 01/15/2010 for the course PUBLIC Public rel taught by Professor Za during the Spring '09 term at Loyola Maryland.

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Chapter 01 - 1-1 CHAPTER 1Introduction to Financial...

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