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Finance study guide Midterm Study Guide Fin Fall The exam will consist on multiple choices and problems and may be an essay question I will ask a maximum of two questions taken from the following material covered in class Chapter Describe the concept of a

Midterm Study Guide Fin Fall The exam will consist on multiple choices and problems and may be an essay question I will ask a maximum of two questions taken from the following material covered in class Chapter Describe the concept of agency problems and di ?erent ways to ameliorate agency problems in a corporation Chapter Example pages - Use the concept of arbitrage to explain the price of Security A in table and Security B in table Compute the risk premium of both securities Example in page Example in page Problems pages - You will also have the opportunity to answer several questions from the next pages Chapter - The Corporation The Four Types of Firms Which of the following organization forms for a business does not avoid double taxation A Limited Partnership B C Corporation C S Corporation D Limited Liability Company Answer CB Which of the following organization forms has the most revenue A S Corporation B Limited Partnership C C Corporation D Limited Liability Company Answer C Which of the following organization forms accounts for the greatest number of ?rms A S Corporation B Limited Partnership C Sole Proprietorship D C Corporation Answer C CWhich of the following is NOT an advantage of a sole proprietorship A Single taxation B Ease of setup C Limited liability D No separation of ownership and control Answer C Which of the following statements regarding limited partnerships is true A There is no limit on a limited partner's liability B A limited partner's liability is limited by the amount of their investment C A limited partner is not liable until all the assets of the general partners have been exhausted D A general partner's liability is limited by the amount of their investment Answer B Which of the following is are an advantage of incorporation A Access to capital markets CB Limited liability C Unlimited life D All of the above Answer D A limited liability company is essentially A a limited partnership without limited partners B a limited partnership without a general partner C just another name for a limited partnership D just another name for a corporation Answer B The distinguishing feature of a corporation is that A their is no legal di ?erence between the corporation and its owners B it is a legally de ?ned arti ?cial being separate from its owners C Cit spreads liability for its corporate obligations to all shareholders D provides limited liability only to small shareholders Answer B You own shares of a C Corporation The corporation earns per share before taxes Once the corporation has paid any corporate taxes that are due it will distribute the rest of its earnings to its shareholders in the form of a dividend If the corporate tax rate is and your personal tax rate on both dividend and non-dividend income is then how much money is left for you after all taxes have been paid A B C D Answer A Explanation A EPS ?