11. A tax liability is created upon the sale of an asset whenever:
A. the firm is profitable.
B. the asset has been partially depreciated.
C. the corporation keeps two sets of books.
D. the asset's market value exceeds i
Lukoil one of the biggest oil and gas company all over the world that is accounting for 2.1% of
Stocks and the Stock Market
Valuing Common Stocks
There Are No Free Lunches
Efficient Market Theory
Differences Between Debt and Equity
Not an ownership interest
Creditors do not have voting
Interest is considered a
Economics is the study of how society
manages its scarce resources
Microeconomics focuses on the individual parts
of the economy.
How households and firms make decisions and how
they interact in specific markets
Macroeconomics looks at the ec
1. What should be the primary goal of the financial manager of a corporation? Why?
The primary goal should be to maximize the current value of the outstanding stock. This goal
focuses on enhancing the returns to stockholders who a
Notes for the midterm
- You are allowed to prepare a cheat sheet of your own (1 page, both sides)
- Dont forget to bring a calculator. You dont need a financial calculator. A regular one
that can take powers and logarithms is en
Financial Statements and
For the Fiscal Year Ended December 31, 2013
TABLE OF CONTENTS
Frequently Used Terms
Managements Discussion and Analysis of Fi
Financial Analysis of Mc Donald's and YUM
This document contains the analysis of McDonald's and YUM' s annual reports and the related calculated ratios
Mc Donald's Income Statem
Company Overview and
The market capitalization and market to book v
Macroeconomics is the study of the economy as a
Its goal is to explain the economic changes that affect
many households, firms, and markets at once.
Answers questions like:
Why is average income high in some countr