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Tham khảo tài liệu 'tiếng anh quản trị kinh doanh part 23', ngoại ngữ, anh văn thương mại phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Unit 9 Financial analysis and corporate finance Appropriateness _ Operation _ Finance _ Productivity _ 3. TEXT 9.2 CORPORATE FINANCE Bạn hãy đọc kỹ phần nội dung về tài chính doanh nghiệp dưới đây và làm các bài tập ở sau bài đọc. Bạn có thể tham khảo bảng từ vựng ở cuối bài để biết nghĩa của các từ mới. Corporations need financing for the purchase of assets and the payment of expenses. The corporations can issue share in exchange for money and property sometimes referred to as equity funding . The holders of the shares together form the ownership of the company. Each share is presented by the stock certificate. This is negotiable which means that it can be bought and sold. The value of the share is determined not only by the net assets divided by the total number of shares outstanding but also by any particular rights it gives shareholders. The greater the success of the company the more value the shares usually have. A corporation can also get capital funds by borrowing. This is called debt funding. When corporation borrows money they give notes or bonds which are also negotiable. However interest has to be paid out whether business is profitable or not. Management must consider both the outflow and inflow of capital funds in running the corporation. The purchase of inventory and supplies or payment of salaries results in an outflow. The sale of goods and services results in an inflow. In the long run the inflow is much greater than the outflow to result in a profit. In addition a company must deduct its costs expenses and losses on bad debts interest on borrowed capital and other items in order to determine whether its financial management has been profitable. The amount of risk involved is an important factor in determining fund raising and whether a particular corporation is a .
