Review the “Richardses’ Tree Farm Grows Up – Mini Case” located in Chapter 1 of Financial Management: Core Concepts.
Develop a 1,050-word analysis of the case study.
Include the following:
- Analyze whether the major financial management decisions of the Richards family involve capital budgeting, capital structure, and working capital management.
- Explain whether the Richards family should form a regular corporation or choose one of the hybrid forms.
- Explain how incorporating will affect the Richards family’s ability to transfer ownership to their children.
- Justify Jake’s concerns with hiring professional management.
- Analyze whether incorporating will affect the Richards family’s ability to give up a small amount of profit in exchange for protecting the environment.
- Evaluate how Jake might obtain more equity funding and perhaps create considerable wealth for the Richards family in the process.
Include at least two sources to justify your assignment.
