1. Corporation vs Proprietorship vs Partnership
2. Financial Statements purpose
3. Current asset vs fixed asset
4. Cash Flow statement
5. DuPont Identity
6. Sensitivity of different components of TVM
7. EAR
8. Interest rates
9. Relation among YTM, Current Yield, Capital Gains Yield
10. WACC components
11. IRR, NPV, MIRR concepts
12. Shrives Publishing recently reported $11,500 of sales, $5,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had $3,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 25%. During the year, the firm had expenditures on fixed assets and net operating working capital that totaled $1,550. These expenditures were necessary for it to sustain operations and generate future sales and cash flows. What was its free cash flow? (Round your intermediate and final answers to whole dollar amount.)
13. David has $20,000 invested in a bank that pays 10% compounding annually. How long will it take for his funds to turn three times the initial investment?
14. Hernando Designs is considering a project that has the following cash flow and WACC data. What is the project's discounted payback?

WACC: 10.00%

Year 0 1 2 3

Cash flows -$850 $400 $500 $600