Finance in a nutshell

Chapter 1
Capital budgeting, What long-term investments or projects should the business take on?
Capital structure, How should we pay for our assets?, Debt or equity?.
Working capital management, How do we manage the day-to-day finances of the firm?
Forms of Business Organization
Sole Proprietorship, Easiest to start, Least regulated, Single owner keeps all the profits, Taxed once as personal income, Disadvantages, Limited to life of owner, Equity capital limited to owner¡¦s personal wealth, Unlimited liability, Difficult to sell ownership interest.
Partnership, Two or more owners, More capital available, Relatively easy to start, Income taxed once as personal income, Unlimited liability, Partnership dissolves when one partner dies or wishes to sell, Difficult to transfer ownership
Corporation, Limited liability, Unlimited life, Separation of ownership and management, Transfer of ownership is easy, Easier to raise capital, Disadvantages, Separation of ownership and manage...