1- How do we define financial management ?

2- What are the forms of business entreprises ?

3- Explain the decision of investment of a financial manager

5- What are you conclusions ?

6- What is a tax shield ?

7- Explain ; book balue and market value

8- The December 31, 2005, balance sheet of Rack N Pinion, Inc., showed long-term debt of $1.7 million, and the December 31, 2006, balance sheet showed long-term debt of $1.9 million. The 2006 income statement showed an interest expense of $65,000. What was the firms cash flow to creditors during 2006 ?

9- The December 31, 2005, balance sheet of Rack N Pinion, Inc., showed $180,000 in the common stock account and $3.7 million in the additional paid-in surplus account. The December 31, 2006, balance sheet showed $195,000 and $3.95 million in the same two accounts, respectively. If the company paid out $80,000 in cash dividends during 2006, what was the cash flow to stockholders for the year?

10- Greene Co. shows the following information on its 2006 income statement: sales $127,000; costs $64,300; other expenses $3,900; depreciation expense $9,600; interest expense $7,100; taxes $15,210; dividends $8,400. In addition, youre told that the firm issued $2,500 in new equity during 2006, and redeemed $3,800 in outstanding long-term debt. a. What is the 2006 operating cash flow? b. What is the 2006 cash flow to creditors? c. What is the 2006 cash flow to stockholders? d. If net fixed assets increased by $13,600 during the year, what was the addition to NWC?