Finance Lecture 1
January 18, 2018
What is finance?
- Decisions about money; how it is raised and used
History of Finance?
- Major theories established in last 70 years
- Theory of finance originated in the 1950s
3 Key Financial Decisions?
1. Capital Budgeting: long-term, high-dollar assets (plant, property, and equipment)
2. Capital Structure: How to pay for assets
3. Working Capital: Short-term assets and obligations
Basic Forms of Business?
Sole Proprietorship LLP: Limi