Complete Questions and Guide Answers
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1. The Primary goal of financial management is to maximize?
Answer Themarketvalueofowners equity
2. Characteristics of a corporation? Owner liability and control?
Answer Owner has limited liability and owner has no operating control
3. Which one has double taxation?
Answer C-corp
4. Dividends are determined by?
Answer Corporations board of directors
5. Investors capital is best characterized as?
Answer The sum of the market value of debt and market value of equity
6. The rate of tax on the next dollar earned is?
Answer marginal tax rate