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Q: partnership
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A: The Answer
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A:
Question: Define and discuss each of the following by providing at least 2 practical examples:
- Limited
Partnership ; Limited Liability partnership; Professional corporation? - A friend asked you to reveal important financial information of the company, being a finance manager of the company what would you do? Justify by considering ethics in finance.
- Describe mechanisms that motivate managers to act in stockholders’ best interests, and to overcome agency problem?
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- Define and discuss each of the following by providing at least 2 practical examples: 1. Limited Partnership; Limited Liability partnership; Professional corporation? 2. A friend asked you to reveal important financial information of the company, being a finance manager of the company what would you do? Justify by considering ethics in finance. 3. Describe mechanisms that motivate managers to act in stockholders’ best interests, and to overcome agency problem?Direction: Answer comprehensively the following questions. 1. Explain the shareholder wealth maximization goal of the firm and how it can be measured. Make an argument for why it is better goal than maximizing profit. 2. What conflicts of interest can arise between managers and stockholders? 3. Name and describe as many stockholders as you can. 4. State the kinds of assurances that investors and creditors seek from a firm. 5. What are the three types of financial management decisions? For each type of decision, give an example of a business transaction that would be relevant.Question 1: Define and discuss each of the following by providing at least 2 practical examples: a) Limited Partnership; Limited Liability partnership; Professional corporation? b) A friend asked you to reveal important financial information of the company,being a finance manager of the company what would you do? Justify by considering ethics in finance. c) Describemechanisms that motivate managers to act in stockholders’ best interests, and to overcome agency problem?
- Divide into groups as instructed by your professor and discuss the following:a. How does the description of accounting as the “language of business” relate to accounting asbeing useful for investors and creditors?b. Explain how the decisions you would make might differ if you were an external investor or amember of an enterprise’s management team.What are Generally Accepted Accounting Principles? Multiple choice question. Regulations designed to promote strong ethical conduct. Regulations companies must follow in order to be publicly traded. Minimum requirements for becoming a CPA. The concepts and rules that govern financial accounting practice.Assume that you are studying for an upcoming accounting exam with a good friend. Your friend says that she has a solid understanding of general partnerships but is less sure that she understands organizations that combine certain characteristics of partnerships with other forms of business organization. You offer to make some study notes for your friend to help her learn about limited partnerships, limited liability partnerships, S corporations, and limited liability companies. Prepare a one-page set of well-organized, complete study notes on these four forms of business organization.
- Which of the following users assesses the attractiveness of investing in a business A. Bank B. Employees C. Financial Analysts D. Tax authoritiesWe have talked about personal financial planning as well as the planning within a business. As we move forward in this course, answer the following questions: What do you see as the challenges in a personal financial plan with respect to all the variables? What are the challenges of a business financial plan from a financial manager perspective? How are the two similar? Different?A friend asked you to reveal important financial information of the company, being a finance manager of the company what would you do? Justify by considering ethics in finance.
- Who will be a user of financial statements, and what will they be used for? Question 17 options: Lenders will use financial statements to decide whether to invest in a company. Investors will use financial statements to decide whether to lend money to a company. The marketing department is interested in the operating income figures in the financial statements. Managers will use financial statements to make decisions about their company.Match each of the financial statement theory and concepts with the statement that best describes them Maximize shareholder wealth Corporate Governance financial securities _____ 1. Tradable promises of future payments issued by government and companies _____ 2. The set of rules that control companies’ behaviour towards its directors, managers, employees, shareholders, creditors, customers, competitors, and community _____ 3. It’s required to mitigate the agency problem (information asymmetry and moral hazard) within the firm _____ 4. It is the primary (main) objective of the firm _____ 5. It consists of debt instruments and equity instrumentsIdentify the following users as either External users or Internal users. a. Chief Executive Officer (CEO) b. Service managers c. District attorney d. Shareholders e. Lenders f. FBI and IRS g. Consumer group h. Creditors i. Regulators j. Nonprofit donor k. Voters 1. Government officials