1-6 Notes BF

1-6 Notes BF - 1-6-08Business FinanceIntroduction to...

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Unformatted text preview: 1-6-08Business FinanceIntroduction to Corporate FinanceFinancial Management DecisionsoCapital budgetingWhat long-term investments or projects should the business take on?oCapital StructureHow should we pay for our assets?Should we use debt or equity?oWorking Capital ManagementHow do we manage the day-to-day finances of the firm?Financial ManageroFinancial managers try to answer some or all of these questionsoThe top financial manager within a firm is usually the Chief Financial Officer (CFO)Forms of Business OrganizationoThree major forms in the United StatesSole ProprietorshipPartnershipGeneralLimitedCorporationS-CorpLimited Liability CompanyGoal of Financial ManagementoWhat should be the goal of a corporation?Maximize profit?Minimize costs?Maximize market share?Maximize the current value of the companys stock?oDoes this mean we should do anything and everything to maximize owner wealth?...
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1-6 Notes BF - 1-6-08Business FinanceIntroduction to...

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