Chapter 01_OverView of Financial Mgmt

Chapter 01_OverView of Financial Mgmt - 1-1 CHAPTER...

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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 Shareholders1-2Alternative Forms of Business OrganizationProprietorshipPartnershipCorporation1-3Proprietorships & PartnershipsAdvantagesEase of formationSubject to few regulationsNo corporate income taxesDisadvantagesDifficult to raise capitalUnlimited liabilityLimited life1-4What are the Advantages & Disadvantages Corporate Form of Business?1-5What are the Advantages & Disadvantages Corporate Form of Business?AdvantagesUnlimited lifeEasy transfer of ownershipLimited liabilityEase of raising capitalDisadvantagesDouble taxationCost of set-up and report filing1-6Financial Goals of the CorporationThe primary financial goal is shareholder wealth maximization (IN THE LONG RUN...
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This note was uploaded on 03/10/2012 for the course CHFS 250 taught by Professor Darnt during the Spring '08 term at University of Tennessee.

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Chapter 01_OverView of Financial Mgmt - 1-1 CHAPTER...

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