Question 1: Kimji Company is engaged in the business of export of garments. In the past, the performance of the company had been up to the expectations. In line with the latest technology, the company decided to upgrade its machinery. For this, the Finance Manager, Abdullah estimated the amount of funds required and the timings. This will help the company in linking the investment and the financing decisions on a continuous basis. Abdullah therefore, began with the preparation of a sales forecast for the next four years. He collected the relevant data about the profit estimates in the coming years. By doing this, he wanted to be sure about the availability of funds from the internal sources of the business. For the remaining funds he is trying to find out alternative sources from outside like loan from bank etc Answer the following question based on the case study in 500-1000 words. a. What is the role of Financial Management and what are the financial decisions Involved in the above case. Discuss the various decisions relevant in the case?
Question 1:
Kimji Company is engaged in the business of export of garments. In the past, the performance of the company had been up to the expectations. In line with the latest technology, the company decided to upgrade its machinery. For this, the Finance Manager, Abdullah estimated the amount of funds required and the timings. This will help the company in linking the investment and the financing decisions on a continuous basis. Abdullah therefore, began with the preparation of a sales
Answer the following question based on the case study in 500-1000 words.
a. What is the role of
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