COMMERCE 3MC3 Lecture Notes - Pricewaterhousecoopers, Accounts Payable, Sequoia Capital
20 Sep 2020
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Financial managers try to answer some or all of these questions. The top financial manger withing a firm is usually the chief financial officer (cfo) aka vice. For each type of decision, give an example of a business transaction) An example would be the decision to purchase a company with weak management and that has the potential to increase the value of the shares. Three major forms in canada: sole proprietorship, partnership, general or limited, corporation, aka joint stock companies, public limited company"s (plcs) & limited liability companies in other countries. Major differential characteristics - formation, distribution of income, extent of liability of owners, taxability, dissolution &/or transfer of ownership. A business owned by a single individual. Advantages: easiest to start, least regulated, single owner keeps al the profits, taxed once as personal tax. Biggest sole proprietorship: sir james dyson (dyson vacuum cleaners) A business formed by two or more coworkers.
