Cash Flow from Operations on Cash How Statement

EBIT $(1-TC)+$ Depr $-$ CAPX $-1+$ Change in NWC

Question $5$

$1$ pts

Check all the following that are true with respect to Primary and Secondary Markets $($with respect to US equity$).$

Secondary markets are unimportant because money does not flow to the company

Firms use secondary markets to raise capital directly from the public

In Primary Markets, firms issue securities in exchange for capital

Secondary markets are important as they provide liquidity

Question $6$

$1$ pts

What do we mean by the separation of ownership and control for a business?

Sharehoiders "control" the firm as they have "primary decision making authority on day$-$to$-$day operations, while management "owns" the firm