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Exam (elaborations)

BFIN 300 Final Exam Questions With Solutions

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  • BFIN 300
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  • 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...

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  • October 13, 2024
  • 30
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BFIN 300
  • BFIN 300
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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

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