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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