front 1 chief financial officer (CFO) | back 1 the top financial manager within a firm; the overseer |
front 2 treasurer | back 2 oversees cash management, credit management, capital expenditures, and financial planning |
front 3 controller | back 3 oversees taxes, cost accounting, financial accounting, and data processing |
front 4 sole proprietorship | back 4 business owned by one person
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front 5 partnership | back 5 business owned by two or more persons
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front 6 corporation | back 6 a legal entity distinct from owners and a resident of a state
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front 7 book value | back 7 the balance sheet value of the assets, liabilites, and equity |
front 8 market value | back 8 the price at which the assets, liabilities, or equity can actually be bought or sold now |
front 9 GAAP matching principle | back 9 recognize revenue when it is fully earned, not necessarily when the cash is received and match expenses required to generate revenue to the period of recognition |
front 10 noncash items | back 10 expenses changed against revenue that do not affect cash flow |
front 11 marginal (statutory) rate | back 11 % tax paid on the next dollar earned |
front 12 average (effective) rate | back 12 total tax bill/taxable income |
front 13 default risk premium | back 13 bond ratings |
front 14 taxability premium | back 14 municipal vs. taxable |
front 15 liquidity premium | back 15 bonds that have more frequent trading generally have lower required returns |
front 16 maturity premium | back 16 longer term bonds will tend to have higher required returns |
front 17 term structure | back 17 the relationship between time to maturity and yields, all else equal |