100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
BFIN 300 Final Exam Questions With Solutions $20.99   Add to cart

Exam (elaborations)

BFIN 300 Final Exam Questions With Solutions

 2 views  0 purchase
  • Course
  • BFIN 300
  • Institution
  • BFIN 300

BFIN 300 Final Exam Questions With Solutions Corporation Considered a legal person, separate and distinct from its shareholders. Shareholders select the board of directors, and the board selects the management team. Most important form of business in the US. Ownership can be easily transferr...

[Show more]

Preview 3 out of 30  pages

  • October 13, 2024
  • 30
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BFIN 300
  • BFIN 300
avatar-seller
UpperClass
BFIN 300 Final Exam Questions With
Solutions

Corporation Considered a legal person, separate and distinct from its shareholders.

Shareholders select the board of directors, and the board selects the management team. Most

important form of business in the US. Ownership can be easily transferred. Corporations suffer

double taxation, pays taxes on its earnings and then shareholders also pay taxes.




Sarbanes-Oxley Act Enacted by congress, requires each publicly traded company to give

an assessment of internal controls and financial reporting, management's report must be reviewed

by an independent auditor.




Agency Relationship The relationship between the management team and the

shareholders.




Agency Problem Conflict of interest between management and shareholders.




Proxy Fight a technique used to gather enough stockholder votes to control a targeted

company




Stakeholder Someone who potentially has a claim on the cashflow of the company

, BFIN 300 Final Exam Questions With
Solutions

Who is the biggest stakeholder? Government




Primary Market The market in which new securities are originally sold to investors.




Secondary Market Previously issued securities are traded among investors.




Auction Market Matches people who want to buy with people who want to sell.




Dealer Market A market where dealers buy and sell for their own accounts.




Balance Sheet Snapshot of a business in a moment of time




Balance Sheet Formula Assets=Liabilities+Stockholders equity




Income Statement Snapshot of a company's performance

, BFIN 300 Final Exam Questions With
Solutions
Income Statement Formula Income=Revenue-Expenses




Statement of Cashflows Summary of cash coming in and out of the business




Cashflow Formula Source of Funds Less Use of Funds




Current Asset Life of less than one year




Fixed Asset Life more than one year




Liability Something which is owed, classified as current and long term.




Working Capital Difference between short term assets and short term liabilities.




Liquidity The speed of which an asset can be converted to cash.




Parts of Liquidity Ease of conversion

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller UpperClass. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $20.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

83637 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$20.99
  • (0)
  Add to cart