What does it mean to "maximize the value of the firm"? In general, how is value created? What factors determine value and how does each affect the value of the firm?
What will be an ideal response?
To maximize the value of the firm most commonly means to maximize the market capitalization of the firm for shareholders. More specifically, this means to maximize the present value of expected cash flows.
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Explain the 2 factors that influence consumer savings
What will be an ideal response?
________ the Uniform Commercial Code (UCC), the UN Convention on Contracts for the International Sale of Goods (CISG) holds acceptances to be effective when they are ________, not when they are ________.
A. Unlike; received; dispatched B. Like; dispatched; received C. Unlike; dispatched; received D. Like; received; dispatched
Under accrual accounting, revenues are recognized when
a. the firm has performed all, or most of, the services it expects to provide. b. the firm has received cash, or some other asset such as a receivable, whose cash-equivalent value it can measure with reasonable precision. c. the firm has significant uncertainty about the amount and timing of the cash inflows and outflows from the sales transaction. d. both a and b must be present. e. none of the above.
World interest rates tend to vary across a small range because
A. the BIS has coordinated monetary policy. B. world financial markets are integrated, so we see the law of one price at work. C. bankers have low market appeal, given the financial crisis. D. the IMF has been successful at promoting responsibility in the monetary sector.