财务管理基础课后习题解答大全

《财务管理基础课后习题解答大全》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、Chapter01-GoalsandGovernanceoftheCorporationSolutionstoChapter1GoalsandGovernanceoftheCorporation1.Investmentdecisions:·Shouldanewcomputerbepurchased?·Shouldthefirmdevelopanewdrug?·Shouldthefirmshutdownanunprofitablefactory?Financingdecisions:·Shouldthefirmborrowmoneyfromabankorsellb

2、onds?·Shouldthefirmissuepreferredstockorcommonstock?·Shouldthefirmbuyorleaseanewmachinethatitiscommittedtoacquiring?Esttime:01–052.Acorporationisadistinctlegalentity,separatefromitsowners(i.e.,stockholders).Thestockholdershavelimitedliabilityforthedebtsandotherobligationsofthecorpora

3、tion.Theliabilityoftheindividualstockholderisgenerallylimitedtotheamountofthestockholder’sinvestmentinthesharesofthecorporation.Creationofacorporationisalegalprocessthatrequiresthepreparationofarticlesofincorporation.Ontheotherhand,asoleproprietorshipisnotdistinctfromtheindividualwho

4、operatesthebusiness.Therefore,thesoleproprietor(i.e.,theindividual)directlyownsthebusinessassets,managesthebusiness,andispersonallyresponsibleforthedebtsofthesoleproprietorship.Esttime:01–053.Thekeyadvantageofseparatingownershipandmanagementinalargecorporationisthatitgivesthecorporat

5、ionpermanence.Thecorporationcontinuestoexistifmanagersarereplacedorifstockholdersselltheirownershipintereststootherinvestors.Thecorporation’spermanenceisanessentialcharacteristicinallowingcorporationstoobtainthelargeamountsoffinancingrequiredbymanybusinessentities.Esttime:01–051-441©

6、2012byMcGraw-HillEducation.Thisisproprietarymaterialsolelyforauthorizedinstructoruse.Notauthorizedforsaleordistributioninanymanner.Thisdocumentmaynotbecopied,scanned,duplicated,forwarded,distributed,orpostedonawebsite,inwholeorpart.Chapter01-GoalsandGovernanceoftheCorporationTheindiv

7、idualstockholdersofacorporation(i.e.,theowners)arelegallydistinctfromthecorporationitself,whichisaseparatelegalentity.Consequently,thestockholdersarenotpersonallyliableforthedebtsofthecorporation;thestockholders’liabilityforthedebtsofthecorporationislimitedtotheinvestmenteachstockhol

8、derhasmadein