FIN515 Week 1 Homework assignment

Apr 24th, 2015
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FIN515 Week 1 Homework assignment

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Mini Case (p. 45) Assume that you recently graduated and have just reported to work as an investment advisor at the brokerage firm of Balik and Kiefer Inc. One of the firm's clients is Michelle DellaTorre, a professional tennis player who has just come to the United States from Chile. DellaTorre is a highly ranked tennis player who would like to start a company to produce and market apparel she designs. She also expects to invest substantial amounts of money through Balik and Kiefer. DellaTorre is very bright, and she would like to understand in general terms what will happen to her money. Your boss has developed the following set of questions you must answer to explain the U.S. financial system to DellaTorre.a. Why is corporate finance important to all managers?Ans: Corporate finance helps in making long-term investments or long term financing for investment by a company. It directs the company towards profits and shareholder profit maximization. It helps in addressing question related to the firm's long-term investments, long-term financing to support its long-term investments and working capital management. It enables the financial manager to control the financial situation in their companies.b. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form.Ans: Many companies begin as a proprietorship, which is an unincorporated business owned by one individual. Some

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