资源描述：
《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，更多相关内容在工程资料-天天文库。
1、Chapter01-GoalsandGovernanceoftheCorporationSolutionstoChapter1GoalsandGovernanceoftheCorporation1.Investmentdecisions:·Shouldanewcomputerbepurchased?·Shouldthefirmdevelopanewdrug?·Shouldthefirmshutdownanunprofitablefactory?Financingdecisions:·Shouldth
2、efirmborrowmoneyfromabankorsellbonds?·Shouldthefirmissuepreferredstockorcommonstock?·Shouldthefirmbuyorleaseanewmachinethatitiscommittedtoacquiring?Esttime:01–052.Acorporationisadistinctlegalentity,separatefromitsowners(i.e.,stockholders).Thestockholde
3、rshavelimitedliabilityforthedebtsandotherobligationsofthecorporation.Theliabilityoftheindividualstockholderisgenerallylimitedtotheamountofthestockholder’sinvestmentinthesharesofthecorporation.Creationofacorporationisalegalprocessthatrequiresthepreparat
4、ionofarticlesofincorporation.Ontheotherhand,asoleproprietorshipisnotdistinctfromtheindividualwhooperatesthebusiness.Therefore,thesoleproprietor(i.e.,theindividual)directlyownsthebusinessassets,managesthebusiness,andispersonallyresponsibleforthedebtsoft
5、hesoleproprietorship.Esttime:01–053.Thekeyadvantageofseparatingownershipandmanagementinalargecorporationisthatitgivesthecorporationpermanence.Thecorporationcontinuestoexistifmanagersarereplacedorifstockholdersselltheirownershipintereststootherinvestors
6、.Thecorporation’spermanenceisanessentialcharacteristicinallowingcorporationstoobtainthelargeamountsoffinancingrequiredbymanybusinessentities.Esttime:01–051-441©2012byMcGraw-HillEducation.Thisisproprietarymaterialsolelyforauthorizedinstructoruse.Notauth
7、orizedforsaleordistributioninanymanner.Thisdocumentmaynotbecopied,scanned,duplicated,forwarded,distributed,orpostedonawebsite,inwholeorpart.Chapter01-GoalsandGovernanceoftheCorporationTheindividualstockholdersofacorporation(i.e.,theowners)arelegallydis
8、tinctfromthecorporationitself,whichisaseparatelegalentity.Consequently,thestockholdersarenotpersonallyliableforthedebtsofthecorporation;thestockholders’liabilityforthedebtsofthecorporationislimitedtotheinvestmenteachstockholderhasmadein
