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As a financial manager,;one's goalsfor the client is to help them dothe following EXCEPT: A. Build credit by encouraging them to acquire as many loan as possible so that the firm value or the total asset of the firm will increase.B. Identify investment opportunities and determine whether these are acceptable to their risk preference.C. Determine ways to reduce non-value adding costsD. Create budgets that would enable them to determine excess or inadequacy of cash.

Which statement about the cash budget is correct? It is also called the statement of cash flows. It can show managers when the company will experience a net loss. It can indicate when sales are insufficient. It can show managers when additional financing will be necessary.

In constructing a pro forma balance sheet a manager can estimate the accounts receivable because: Select one: a. managers typically construct a pro forma income statement prior to the balance sheet. Thus, an estimate of sales has already been made and this is critical to estimating accounts receivable. O b. if the firm has already made an estimate of expected sales, then it can also estimate average daily sales. O c. if the firm maintains similar credit standards it can use the historical average age of accounts receivable to help estimate the anticipated average age of accounts receivable O d. if the firm has each piece of information as stated in the three choices above THEN they can estimate accounts receivable for the pro forma balance sheet..

Bank loan officers would find which of the following budgets to be one of the most important in determining whether or not to give a company a loan? Sales budget O Production budget O Budgeted income statement O Budgeted balance sheet O Cash budget

What is a cash budget, and how can this statement be used to help reduce the amount ofcash that a firm needs to carry? What are the advantages and disadvantages of daily overmonthly cash budgets, and how might a cash budget be used when a firm is negotiating aloan from its bank?

The previous cash balance is important when beginning work on the cash budget because O The beginning cash can be used in periods of cash flow issues. We can use this number to decide what terms to offer our customers. Jm OIf we started without this information, we may show cash flow issues in error.

How would a shift from a tight credit policy to a relaxed policy belikely to affect a firm’s cash budget?

In budgeting cash, cash disbursements include payments to employees and suppliers as well as for depreciation. Answer choices True False

1(a)  "Accounting plays a relatively unimportant role in budgeting." Do you agree? Explain.  (b) What responsibilities does management have in budgeting?   2)What is participative budgeting? What are its potential benefits? What are its potential disadvantages?    3)What is budgetary slack? What incentive do managers have to create budgetary slack?

Which of the following statements is true? O As a general rule, management would want to reduce the firm's average collection period. O As a general rule, a firm is not financially affected by the amount of time required to collect its accounts receivable. O As a general rule, management would want to increase the firm's average collection period. O As a general rule, management would want to reduce the firm's accounts receivable turnover ratio.

When a company has a generous credit policy, cash is tied up in receivables and the company must finance its expansion or the payment of its bills through increased borrowing. What label is given to this cost of selling on credit?     Carrying cost   Sales returns and allowances cost   Bookkeeping cost   Bad debit cost

Please help me.  Thankyou.