商学导论Cha 5Chapter 5 课后练习.doc
- 文档编号:105564
- 上传时间:2022-10-03
- 格式:DOC
- 页数:8
- 大小:59.50KB
商学导论Cha 5Chapter 5 课后练习.doc
《商学导论Cha 5Chapter 5 课后练习.doc》由会员分享,可在线阅读,更多相关《商学导论Cha 5Chapter 5 课后练习.doc(8页珍藏版)》请在冰豆网上搜索。
Chapter5
InvestinginaBusiness
Usingtheannualreportofthefirminwhichyouwouldliketoinvest,completethefollowing:
1 Eachannualreportcontainsanincomestatement,whichdisclosesthefirm’searningsbeforetaxes,itstaxes,anditsearningsaftertaxesoverthemostrecentyear.Searchforthetablecalled“IncomeStatement”anddetermineyourfirm’searningsbeforetaxes,taxespaid,andearningsaftertaxeslastyear.Whatproportionofyourfirm’searningswereeventuallypaidastaxes?
2Isyourfirminvolvedinfranchising?
Ifso,describeitsfranchises.Checkitswebsitetoobtainfranchiseinformation.
3 Describeanyconditionsmentionedintheannualreportthatexposethefirmtorisk.
4 Explainhowthebusinessusestechnologytoprovideinformationaboutitsformofbusinessownership.Forexample,doesitusetheInternettodisclosetheformofbusinessownershipituses?
5 Gotohttp//andlocatetheNEWSSEARCH.Typeinthenameofthefirminthespaceprovided,andreviewtherecentnewsstoriesaboutthefirm.Summarizeonerecentnewsstoryaboutthefirmthatappliestooneormoreofthekeyconceptsinthischapter.
CaseDecidingtheTypeofBusinessOwr~ership
PaulBazzanoandMaryAnnBoonearelifelongfriendsandhavedecidedtogointobusiness.Theyarenotsurewhatformofbusinessownershipandcontroltouse.Paulwouldliketoinvesthissavingsof$25,000,buthedoesnotwanttotakeanactiveroleinmanagingtheday-to-dayoperationsofthebusiness.MaryAnnisaself-starter,enjoyscookingandbaking,andhasavastnumberofpizzarecipes.Anexistingpizzabusinessisforsalefor$50,000.PaulandMaryAnnbothliketheideaofinvestinginabusiness.MaryAnnhas$5,000shewouldliketocontributeandbelievesthatbuyinganexistingbusinesshascertainadvantages.ShelikestheideathatPaulwillnotbeanactiveownerandthatshewillhavefullcontrolofthepizzaoperation.
Theexistingbusinesshassalesof$150,000andgeneratesearningsaftertaxesof$32,500.MaryAnnbelievesthebusinesscanbeexpandedandforeseesfuturegrowthbyexpandingintodifferentlocationsthroughouttheBostonarea.Sheprojectstwomorestoresinthenextfiveyears.
Questions
1Whatformofbusinessownershipwouldyourecommendforthisbusiness?
2 WouldMaryAnn’sformofownershipbeanydifferentfromPaul’s?
3 HowcouldPaulandMaryAnndeterminethereturnontheirinvestmentaftertheirfirstyearofbusiness?
AssumethatPaulandMaryAnncanborrowtheremaining$20,000neededtofinancethepurchasewhenansweringthisquestion.
4 Describetheriskofthisbusiness.
VideoCase:
OrganizationofAnnie’sHomegrownBusiness
WhenAnnWhitheyrealizedthatconsumersdidnotliketheorangecolorofpopcorn,shestartedabusinesstoproduceandsellwhitepopcorn.Shelaterdecidedtoexpandintoother“smartfoods”andobtainedthenecessaryfinancingfromexternalinvestors,calledventurecapitalists.In1989,Anndecidedtosellherfirmandstartanotherbusinessthatwouldfocusonnatural,organicfoods.
Anninitiallyestablishedherbusinessasasoleproprietorship.Shefocuseshertimeonbeingcreativeratherthanontheday-to-dayoperationsofthebusinessanddoesnotgotosalesmeetings.ThesmallsizeofAnnie’sHomegrownallowsforconsiderableflexibilityandenabledthecompanytogetnewproductstomarketquickly.Atthesametime,becauseofthecompany’ssmallsize,creditorsaskAnnherselftopersonallyguaranteerepaymentoftheloanswhenthecompanyobtainsfinancing.
Becauseofthepopularityoftheproducts,Annie’sHomegrownexpandedsubstantially.Itwentpublicin1996,allowingindividualinvestorstoinvestinthefirm,andprovidingAnnie’swithfundstosupportitsgrowth.
Questions
1 WhatarethecostsandbenefitsifAnnWhitheydecidedtokeepherbusinesssmallratherthanexpandintoaverylargebusiness?
2 WhatkindsofconditionsmightleadAnntoexpandherbusinessbyraisingequitycapital?
3 WhymightAnnprefertoobtainfundsbyborrowingratherthanthroughissuingstock?
4 WhenAnnneededfundingintheearlieryearsofherbusiness,shereliedheavilyonborrowedfunds.In1996,herfirmraisedfundsthroughtheissuanceofstocktothepublic.WhydoyouthinkthatAnnwasabletomoreeasilyraisefundsthroughherstockofferingin1996thanifsheattemptedthatfinancingstrategyintheearlieryearsofherbusiness?
5 DoyouthinkAnnwouldbenefitfromfranchisingherbusiness?
InternetApplications
1. nd_corporate/article3.asp
Examinethiswebsite.WhatdifferencesarepresentedherebetweenS-corporationsandcorporations?
Whatsimilaritiesarepresented?
Whatarethecostsandbenefitsofbothformsofbusinessownership
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 商学导论Cha 5Chapter 课后练习 商学 导论 Cha Chapter 课后 练习
![提示](https://static.bdocx.com/images/bang_tan.gif)