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FIN 571 Week 1 Connect Problems ( Week 1 Problem Set ) 1 . The ultimate control of a corporation lies in the hands of the corporate : president . board of directors . chairman of the board . chief executive officer . stockholders . 1 . ( Set 2 ) If a firm is currently profitable , then : it will always have sufficient cash to pay its bills in a timely manner . the timing of the cash flows on proposed projects is irrelevant . its current cash inflows must exceed its current cash outflows . its cash flows are known with certainty .
its reported sales exceed its costs . 2 . Which one of these is a cash outflow from a corporation ? sale of an asset dividend payment profit retained by the firm sale of common stock issuance of debt