Please tutor to help those three question without quoting directly from the textbook. I am looking an interested tutor in seeing own thoughts and substantiations for you comments.
Do not cut and paste from the textbook or other direct source. I want your OWN thoughts Be detailed in your response, avoid (better yet - don't do it) one or two sentences responses.
1) What is the agency problem?
2) Explain in detail how the agency problem comes up and what are the possible problems and how can a company try to deal with it?
3) Why is the focus on cash flow important? Why not just look at a company's 'net income' amount?
Explain your thoughts in detail and give examples as to why the net income and cash flow differ.