Week 9 - Day 1 Lecture Notes - Chapter 10
Week 9 - Day 1 Lecture Notes - Chapter 10 Eco 2023
Popular in Principles of Economics: Microeconomics
Popular in Economics
verified elite notetaker
This 2 page Class Notes was uploaded by Erika Huber on Monday October 17, 2016. The Class Notes belongs to Eco 2023 at University of Florida taught by Mark Rush in Fall 2016. Since its upload, it has received 3 views. For similar materials see Principles of Economics: Microeconomics in Economics at University of Florida.
Reviews for Week 9 - Day 1 Lecture Notes - Chapter 10
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
Date Created: 10/17/16
10/17/16 ECO 2023 Week 9 – Day 1 Lecture Notes Chapter 10: Introduction to Business Firms Rule of 72: The approximate number of years it takes for something to double equals 72 divided by the growth rate. Introduction to Business Firms: Three major forms of business organization: 1. Proprietorship: a. Single owner b. Advantages: i. Simple ii. Profits taxed once c. Disadvantages: i. Unlimited liability 2. Partnership a. Owned by 2 or more partners b. Advantages: i. profits taxed once c. Disadvantages: i. Unlimited liability 3. Corporation a. Owned by one or more shareholders b. Advantages: i. Limited liability c. Disadvantages: i. Profits are taxed twice 1. Once at the corporate level and once at the individual level d. Corporations often have millions of owners. How are they run? i. Shareholders ii. Board of Directors - Dividend iii. Managers Stock Terms EPS = Earnings Per Share PE Ratio = Price/Earnings Ratio Recommended book: A Random Walk Down Wall Street by: Burton G. Malkiel
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'