Business Organization and Finance: Legal and Economic Principles |
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Page 59
... profits of the firm will be $ 40,000 per year , but Pamela , Abe , and Bill estimate that the profits will be $ 20,000 per year . Finally , suppose that the agreement ultimately reached is that Morris will receive an annual salary of ...
... profits of the firm will be $ 40,000 per year , but Pamela , Abe , and Bill estimate that the profits will be $ 20,000 per year . Finally , suppose that the agreement ultimately reached is that Morris will receive an annual salary of ...
Page 60
... profits and the control ( " as co- owners ” ) of a " business . " Under the UPA , profit sharing alone is not enough . Thus , for example , a manager who is entitled by contract to a bonus consisting of a share of profits is not , by ...
... profits and the control ( " as co- owners ” ) of a " business . " Under the UPA , profit sharing alone is not enough . Thus , for example , a manager who is entitled by contract to a bonus consisting of a share of profits is not , by ...
Page 79
... profits and losses , which are bookkeeping concepts . It is vital to note that profit does not necessarily generate any spare cash . For example , a new retail store may be highly profitable but may need all its profits to expand its ...
... profits and losses , which are bookkeeping concepts . It is vital to note that profit does not necessarily generate any spare cash . For example , a new retail store may be highly profitable but may need all its profits to expand its ...
Contents
THE SOLE PROPRIETOR I Ownership Attributes | 1 |
Owners and Creditors | 2 |
G Potential Equity Attributes of Debt | 7 |
Copyright | |
72 other sections not shown
Common terms and phrases
Abe and Bill agreement amount assets assume bidder bondholders bonds borrow business judgment rule capital structure cash Chapter claim common shareholders common stock Corp corporation's cost courts creditors debt decision default directors duty duty of care economic effect employees equity interest example expected return fact fiduciary firm firm's funds gain held corporation holders income incorporation increase individual initial insider trading interest payment interest rate investment investors issue lawyer lender leverage liability limited loan loss managers market price market value ment merger Morris obligation opportunity option outcome owner ownership paid Pamela partners partnership person perspective possibility potential preferred stock premium present value problems profits protect purchase rate of return relationship retained earnings risk averse rule securities sell significant statutes stock split Suppose takeover tender offer tion total value transaction volatility risk vote warrant worth