A corporation can also obtain equity financing by selling securities directly to cur
A. reasonable quality
B. ordinary stocks and shares
C. principles of equality
A. reasonable quality
B. ordinary stocks and shares
C. principles of equality
第1题
The common forms of business organization are proprietorship, partnership, corporation, or limited liability corporation.
A proprietorship is owned by one individual. More than 70% of the businesses in the United States are organized as proprietorships. The popularity of this form. is due to the ease and the low cost of organizing. The primary disadvantage of proprietorships is that the financial resources available to the business are limited to the individual owner,5 resources. Small local businesses such as hardware stores, repair shops, laundries, restaurants, and maid services are often organized as proprietorships.
As a business grows and more financial and managerial resources are needed, it may become a partnership. A partnership is owned by two or more individuals. Like proprietorships, small local businesses such as automotive repair shops, music stores, beauty salons, and clothing stores may be organized as partnerships. Currently, about 10% of the businesses in the United States are organized as partnerships.
A corporation is organized under state or federal statues as a separate legal taxable entity. The ownership of a corporation is divided into shares of stock. A corporation issues the stocks to individuals or other businesses,who then become owners or stockholders of the corporation.
A primary advantage of the corporate form. 15 the ability to obtain large amounts of resources by issuing stock.For this reason,most companies that require large investments in equipment and facilities are organized as corporations.About 20%of the businesses in the United States are organized as corporations.Given that most large companies are organized
As corporations, over 90% of the total dollars of business receipts are received by corporations.Thus,corporations have a major influence on the economy.
Al limited liability corporation combines attributes of a partnership and a corporation in that it 15 organized as a corporation,but it can elect to be taxed as a partnership.Thus,its owners'(or members')liability is limited to their investment in the business,and its income is taxed when the owners report it on their individual tax returns.
Now choose the best sentence(A,B,C or D)for each question.
15.Most businesses in America are organized as proprietorships due to the reason that______.
A. it is owned by one individual
B. it is easy and cheap to organize them
C. the financial resources available to the business are limited
D. small local businesses are organized as proprietorships
16. The difference between a proprietorship and a partnership is that______.
A. a partnership is organized under state or federal statues
B. a proprietorship has the ability to obtain large amounts of resources
C. a partnership has two or more owners while a proprietorship has only one
D. a proprietorship is more welcomed by businesses
17. The corporate form. is quite suitable for companies that______.
A. need large investments in equipment and facilities
B. obtain large amounts of resources
C. have to issue the stocks to others
D. belong to separate legal taxable entities
18. Which of the following organizations has a major influence on the economy?
A. Proprietorships.
B. Partnerships.
C. Corporations.
D. Limited liability corporations.
19. A limited liability corporation has the following features except______.
A. it has the attributes of both a partnership and a corporation.
B. it is organized as a corporation.
C. it can be taxed as a partnership.
D. its owners are liable for all the failures.
20. According to the passage, which of the following is not true?______.
A. Proprietorship, partnership, corporation and limited liability corporation are common forms of business organizations.
B. Most business receipts are received by limited liability corporations.
C. Corporations issue stocks to individuals or businesses, who then become their owners.
D. The owners of limited liability corporations should be taxed.
第2题
Some companies enable stockholders to share in the profits of the company. These payments of corporate profits to stockholders are called dividends. In addition to having a claim on company profits, stockholders are entitled to share in the sale of the company if it is dissolved. They may also vote in person or by proxy on a variety of corporate matters, including the most important matter of who should run the corporation. When the company issues new stock, stockholders have priority to buy a certain number of shares before they are offered for public sale. Stockholders also receive periodic reports, usually quarterly, that provide information regarding the corporation's business performance. Stocks generally are negotiable, which means stockholders have the right to assign or transfer their shares to another individual.
A stockholder is considered a business owner and has the protection of limited liability under United States laws. Limited liability means that a stockholder is not personally liable for the debts of the corporation. The most a stockholder can lose if the company fails is the amount of his or her investment -- what he or she originally paid for the stock. This arrangement differs from that of other forms of business organization, which are known as sole proprietorships and partnerships. These business owners are personally liable for the debts of their businesses.
Corporations have good reasons to issue stocks. They issue stock in order to finance their business activities. This method of raising funds is only available to business firms organized as corporations; it is not available to sole proprietorships and partnerships. The corporation can use the proceeds of a stock offering in a variety of ways. Depending on the type of company, this might involve increasing research and development operations, purchasing new equipment, opening new facilities or improving old ones, or hiring new employees.
An alternative to stock financing is debt financing or the sale of bonds, an interest-bearing loan. This alternative is also available to sole proprietorships and partnerships. With the issuance of a bond a company typically promises to make periodic interest payments to the lender or bondholder as well as pay back the amount of the bond when the term of the bond comes to an end. Thus bonds are evidence of loans while stocks are evidence of ownership. Stocks and bonds are collectively known as securities.
When a corporation first makes stock available for public purchase, it works with an investment banking firm to arrange an initial public offering (IPO). The investment bank acquires the first issue of stocks from the corporation at a negotiated price, and then makes the shares available for sale to its clients and other investors.
A corporation can only have one IPO -- the first time it makes stock available to the public. After its IPO, a company is said to be public. Public corporations that need additional financing for further business development may choose to issue more stock at a later time. This is called a subsequent, or follow-on, offering.
Some corporations may choose not to go public. In this case it is said to be a privately held corporation. A corporation may elect to remain private because it docs not want to share its profits, or it may not want to give up control to shareholders.
Most of the information reported in the daily news media about the buying and selling of stock refers to transactions involving previously issued stock. The daily buying and selling of stock rarely involv
A.Y
B.N
C.NG
第3题
COMMERCIAL BANK OF THAT TOWN
Date: Oct. 5, 2008
To: China National Cereals, Oils & Foodstuffs Corporation Beijing, China Advised through Bank of China, Beijing
No. BOC08/10/05
DOCUMENTARY LETTER OF CREDIT
Dear Sirs,
You are authorized to draw on China National Cereals, Oils &Foodstuffs Corporation for a sum not exceeding Can $120000(Say Canadian dollars one hundred and twenty thousand only)available by draft drawn on them at sight accompanied by the following documents:
Full set of Clean On Board Bills of Lading made out to order and blank endorsed, marked "freight to collect" dated not later than November 30, 2008 and notify accountee.
Signed Commercial Invoice in quintuplicate.
Insurance Policies(or Certificates)in duplicate covering Marine and War Risks.
Evidencing shipment from China port to Montreal, Canada of the following goods: 50000 tins of 430 grams of Great Wall Brand Strawberry Jam, at Can $2.50 per tin CFRC 3% Vancouver, details as per your S/C
No. 08/8712.
Partial shipments are not allowed.
Transhipment is prohibited.
This credit expires on November 30, 2008 for negotiation in China.
……合同条款
卖方:中国粮油食品公司(China National Cereals,Oils &Foodstuffs Corporation)
买方:温哥华香港食品公司(Hong Kong Food Company,Vancouver)
商品名称:长城牌草莓酱(Great Wall Brand Strawberry Jam)
规格:340克听装
数量:50000听
单价:CFR温哥华每听2.50加元,含佣金3%
总值:125000加元
装运期:2008年11月自中国港口运往温哥华,允许转船和分批装运。
付款条件:凭不可撤销的即期信用证付款。信用证议付有效期应为最后装运期后第15天在中国到期。
第4题
Paragraph 2 indicates that_________.
A.most of man's employment is from fishing
B.man can always turn to fishing for employment
C.forty percent of Chileans live on fishing boats or ships
D.fishing has been the biggest industry in Newfoundland
第5题
A.Team sports require individual participation.
B.Individual sports can be performed alone.
C.Team sports are performed by individuals.
D.Individual sports are sometimes called competitive sports.
第6题
20世纪80年代的债务危机期间,普林斯顿大学经济学家彼得·B·凯南(Peter B.Kenen)主张建立一个政府发起的国际债务折价公司(International Debt Discount Corporation,IDDC),它可以发行自己的长期债券,来交换银行对发展中国家的债权。IDDC可能怎样帮助发展中国家减免债务呢,它会产生什么问题?(对这些问题以及相关问题的专题论文集,参见《经济展望》杂志(Journal of Economic Perspectives)Winter,1990)。
During the 1980s debt crises,economist Peter B.Kenen of Princeton University suggested the creation of a government-sponsored International Debt Discount Corporation(IDDC)that would issue its own long-term bonds to banks in exchange for their loans to developing countries.How might an IDCC have facilitated debt relief for developing countries? What problems can you see in operating such a facility? (For a symposium on these and related questions,see the Winter 1990 issue of the Journal of Economic Perspectives.)
第7题
A. It is a reality both people and politicians are unaware of.
B. It is a phenomenon that causes us many inconveniences.
C. It is a problem that can be solved once it is recognized.
D. It is area we actually have little knowledge about.
第8题
Which of the following can be inferred from the passage?
A.American young people are not allowed to get loans from the bank unless they have personal assets.
B.Adolescent consumption reached an unprecedented level last year.
C.Almost all American adolescents work on a part-time basis one time or another.
D.American adolescents find it hard to get by only with the allowances their parents give them.
第9题
26. Could you send us a price list regarding your chromium plated domestic products?
27. I appreciate your advice on some problems we are experiencing with the equipment we ordered from you 3 months ago.
28. Would it be possible for you to arrange for us to see your products sometime this month?
29. Mr Nick Adams of Aiko Corporation has referred us to you for information concerning his standing.
30. The Stenogram is efficient , dependable , timesaving and economical.
f. Excessive humidity can seriously affect the operation of the equipment.
g. If it is possible. we should like to arrange a demonstration by the end of this month.
h. For fjfty-two weeks in the year it works hard for you , without lunch breaks or holidays.
i. We welcome the opportunity to report favorably on his company.
j. Prices quoted are inclusive of transportation costs.
第10题
第(26)题__________ 查看材料
第11题
(1)如果公司决定将两种产品的价格都提高10%,其销售量会有什么变化?销售收入呢?
(2)你能否从已知的信息中判断,哪个产品会给厂商带来最大的收入?如果答案是肯定的,为什么?如果无法做出回答,你还需要哪些信息?
The ACME Corporation determines that at current prices the demand for its computer chips has a price elasticity of-2 in the short run, while the price elasticity for its disk drives is- 1.
a. If the corporation decides to raise the price of both products by 10 percent , what will happen to its sales? To its sales revenue?
b. Can you tell from the available information which product will generate the most revenue for the firm? If yes, why? If not, what additional information would you need?