Nikki The functional currency of a company is the currency of the primary economic environment in which the company operates. The functional currency of a company is typically the currency of the country in which the company’s headquarters are located. For companies that operate in multiple countries, the functional currency is typically the currency of the … Read more
The traditional theory of capital structure definition states that a firm’s optimal or ideal capital structure is the mix of debt and equity that minimizes its cost of capital. The theory is based on the premise that the market value of a company is the present value of its future cash flows, and that the … Read more
Liar’s poker is a game that is often used to teach people about investing in stocks and other securities. The game is played with a deck of cards, and each player is dealt a hand of five cards. The object of the game is to correctly guess the value of the other players’ hands, and … Read more
