extra Flashcards
Wat is een treasurer
Responsible for raising capital and maintaining relationships with banks
and investors that hold the firm’s securities
Wat is een controller
Responsible for preparing financial statements and managing budgets
Why does it make sense for corporations to maximize shareholder wealth?
Value maximization is the natural financial goal of the firm
Is een trademark een real or financial asset
Real
Wat hoort er bij capital budgeting en capital structure decision
Capital budgeting is investment decision
Capital structure is financing decision
What does it mean when same taxes are double taxation
The corporation pays tax and the shareholders pay tax over their dividend
Wat is een limited liability
The owners of a corporation are not personally liable for its obligations. Shareholders can lose their investment but no more
Wat is after the money valuation
Investment÷Percentage ownership by the VC
For example 400000/40%(0.4)= 1000000
Wat is een nadeel van underpricing
You sell a lot but you lose your equity in the company
Underpricing is when the current value of a stock is 100 for example but you bring out new stock for under that price
Wat is de winner’s curse
When buying a stock from IPO it is either overpriced or underpriced
When it is underpriced it goed up in value but only a few people can buy it
When it is overpriced a lot of people can buy it but they lose value
Hoe bereken je de average underpricing
Initial return * prices per share
Hoe bereken je de dollar cost underpricing
End price of stock - underpriced stock * total amount of stocks