ACC405 Past Questions 2015

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    campusflava
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    ACC 405   CORPORATE FINANCE    2 UNIT

    TIME ALLOWED:      2HOURS

    INSTRUCTION:         ANSWER THREE QUESTIONS

     

    QUESTION ONE IS COMPULSORY

     

    QUESTION 1

     

    • Explain the alternatives to maximizing stakeholder wealth.
    • Discuss how we can reduce the side costs associated with stakeholder wealth maximization.

    (30 Marks)

     

    QUESTION 2

     

    • Define a proprietorship, a partnership and a corporation.
    • State the advantages of the corporate form of business organization.

     

    (20 Marks)

     

    QUESTION 3

    • Discuss the nature and classification of financial ratios used in financial statement analysis.
    • State the relationship between the computed ratios and its influence on decision making.

    (20 Marks)

     

    QUESTION 4

     

    • Explain the two dimensions of the financial planning process.
    • Discuss the relative importance of external financing and growth to firms.

    (20 Marks)

     

    QUESTION 5

     

    • Explain what working capital means.
    • Discuss the determinate of a firm’s credit policy.

    (20 Marks)

     

     

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