"The financial manager should have soundknowledge not only in finance but also well versedin other areas of activity", is a function of:a. Acquiring necessary capitalO b. Inter-relation with other departmentsc. Making investmentsO d. Cash management

The finance manager should have sound knowledge not only in the finance-related area but also well…

"The financial manager should have sound knowledge not only in finance but also well versed in other areas of activity", is a function of: O a. Acquiring necessary capital O b. Inter-relation with other departments O c. Making investments O d. Cash management

"The financial manager should have sound knowledge not only in finance but also well versed in other areas of activity", is a function of: O a. Acquiring necessary capital O b. Inter-relation with other departments O c. Making investments O d. Cash management

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Related questions

Q: ubtracting your total monthly expenses from your total monthly income allows you to calculate your…

A: A budget is a monthly statement that includes the total revenue received and total spending incurred…

Q: A credit union is an example of; a. financial market b. a bank c. an investment company d. a…

A: Financial Institutions - They are the business entities that operate to provide services as…

Q: A capital budget estimates a firm’s expenditures for labor costs and other monthly expenses.; True…

A: A firm refers to a commercial company or enterprise that purpose is to buys and sells products or…

Q: Jacob Dylan only invests in lending investments. If his financial advisor gave him the list below,…

A: An investment: An investment is an asset or object that is bought with the expectation that it…

Q: Quote three (3) specific statements that indicate that the management places priority on the most…

A: The most valuable asset for any company is its human asset. as it enable the companies to get…

Q: The debtors inventories and bills receivable get converted into cash within one operating cycle of…

A: A debt holder is somebody who owes you cash, ordinarily on the grounds that you have invoiced them…

Q: In a combination plan, retirement benefits are funded with a combination of a. whole life policies.…

A: d. a & cThe new Combination Plan is a combination of whole life policies and assets in a side…

Q: The idea that no simple rule based on published and available information can generate above normal…

A: The idea that no simple rule based on published and available information can generate above the…

Q: Which of the following is a primary objective of endowment accounting and investment management for…

A: The question is asking about the primary objective of endowment accounting and investment management…

Q: Discuss the nature and purposes of financial management and its goals including issues on corporate…

A: In general terms, financial management refers to the planning and controlling of different financial…

Q: Which of these relationships is false? a. Current Asstes+NON-Current Assests=Liabilites+Equity b.…

A: The objective of the question is to identify the incorrect relationship among the given options.…

Q: Traditional approach to financial management is how the funds can be utilised efectively. Select…

A: Traditional approach of financial management is used to maximize the value of the origination by…

Q: What is finance? Define business finance. . Explain the types of finance. Discuss the objectives of…

A: Finance Finance is life blood of business. finance is required for establishing, developing and…

Q: Which of the following is not a strategy of corporations in the environment of financialization?…

A: The objective of the question is to identify which of the given options is not a strategy typically…

Q: has higher liquidity and lower fees than and trades like a common stock on a stock exchange. O A.…

A: Stock management and financial market consist of wide range of financial assets as well as scheme…

Q: Give the meaning and purpose of each of the following: a. income statement b. cash flow statement…

A: Financial Statement is the business report which describes the business performance and its…

Q: Examine the following options which explain the objective of financial statements? a. They assist…

A: Finacial statments are written records conveying the financial health of the company. Finacial…

Q: When drafting financial statements, provide your understanding of what the term materiality means…

A: The Financial Accounting Standards Board (FASB) is a pivotal institution in the field of accounting,…

Q: What is the primary goal of financial management?

A: The Correct Option is (D) Increased Shareholder Value.This is the primary goal of financial…

Q: The definition 'Management accounting is concerned with accounting information that is useful to…

A: Accounting is defined as the process of recording the financial transactions in the books of the…

Q: Ratios can be grouped into certain categories, each of which reflects a particular aspect of the…

A: Strategy is a plan of action to achieve long term objectives. It can also be said as an art of…

Q: This type of investment company does not charge a load to its investors but the investors often pay…

A: An investment company is a business that combines money from many individuals or associations to…

Q: The initial step in personal financial planning is a. Setting standards b. Listing liabilities c.…

A: Planning is the method of thinking about the activities needed to achieve the expected goal.…

Q: Which of the following is the business function that serves the purpose of providing the funds…

A: Introduction- Business functions are the operations which are carried out by an organization for its…

Q: 21) Which of the following is not popular in the present business scenario? a. Balance sheet b.…

A: Operational productivity measure is a measure to calculate how efficiently inputs are converted into…

Q: 10) Which of the following is the basic objective of financial management? a. All b. Timely payment…

A: Financial management refers to managing the funds of an organization by planning, organizing, and…

Q: Thrifts invest in mortgages for which of the following reasons? I. Regulatory incentives to remain…

A: The question asks about the reasons thrifts invest in mortgages and provides four options. These…

Q: In as many pages as needed explain what you would do with a stake of 25,000 dollars to make money…

A: The money can be invested in two ways, first is in long-term options that would keep the money…

Q: Management accounting information systems has three broad objectives. Which of the following is NOT…

A: The organization is running to increase their productivity, so that the profits of the organization…

Q: Which of the following is considered an asset? A. Accounts Payable B. Accounts Receivable C. Sales…

A: Accounts Receivable represents money owed to a company by its customers for goods or services…

Q: Discuss what the three main financial statements are and what they tell you. What do financial…

A: Financial management encompasses the essential preparation, arranging, coordinating, and controlling…

Q: Which financial statement reports a company's financial position at a specific point in time? A )…

A: Balance sheet gives a position of a company's assets, liabilities, and shareholders' equity at a…

Q: What can accurately be said about projecting operating expenses (OPEX)? Select an answer:…

A: Operating expenses (OPEX) are the indirect costs incurred by a business for its day-to-day…

Q: Discuss any differences between the budgeting process of a company and budgeting process of a…

A: A budget is a projection of revenue and expenses for a given period of time. Corporations,…

Q: 26) The firm must carefully select best investment alternatives for a stable return from the…

A: Selecting a model by using the right approach will help in completing the work with efficiency, so…

Q: which of the following is a type of start up costs that should be estimated before starting a…

A: Start-up costs are the expenses incurred during the process of creating a new business. All…

Q: Please answer A-C with the most true answer. A. Which of the following is most closely associated…

A: The correct option is (a) - cost of equity The cost of equity is the return that the company needs…

Q: Which budget is prepared for Advertising, Salary, and Market Analysis? A. Operating Budget B. Sales…

A: The question asks about the type of budget prepared for specific categories of expenses within a…

Q: The definition of Finance department is "Finance department deals with the strategic financial…

A: We can say that where Corporate social responsibility (CSR) can be simply and broadly defined as the…

Q: What do you think is the difference of recording financial assets in regular business transaction…

A: A financial asset could be a non-physical plus whose worth comes from a written agreement claim,…

Question

100%

"The financial manager should have sound
knowledge not only in finance but also well versed
in other areas of activity", is a function of:
a. Acquiring necessary capital
O b. Inter-relation with other departments
c. Making investments
O d. Cash management

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

Similar questions

a. Chart of accounts. b. Credit. C. Credit balance. Term d. Crediting. e. f. Debit. Debit balance. g. Debiting. h. Double-entry system. Definition A list of accounts and the account numbers that identify their location. L >
What activities are commonly associated with Shadow Banking? I. Securitization activity centered around structured investment vehicles (SIV) but not special purpose vehicles (SPV). II. Hedge funds. III. Secured financing based on repo and stock lending agreements. IV. Money market mutual funds. Question 3Answer a. I, II, III and IV. b. I, II and IV only. c. I, II and III only. d. II, III and IV only.
What is the main reason lenders pay borrowers' property taxes through a pre-paid escrow account? It prevents a tax lien from being applied to the home. The tax lien would be senior to the mortgage lien. It prevents the borrower from refinancing with another lender because they would lose all of their escrow funds. It allows the lender to earn interest on the pre- paid tax money as itsits in the account. It allows the lender to take advantage of corporate tax deductions.
17. The part of capital that represents the excess amount paid over the par value for the shares of the stock of the bank is called: O a. Common stock O b. Undivided Profits Surplus O d. Preferred stock
Relating Managerial Accounting Functions to Various Business Majors Sales Human Resources Logistics Planning What are our expected sales for each product in each geographic region?How much should be budgeted for salaries and commissions for our salespeople? How much should we budget for salary and wage increases for the year?How much should we plan to spend on safety and training for the year? Should we invest in radio-frequency identification (RFID) processors to enable computer tracking of inventory?How much raw material should be ordered and delivered to ensure timely delivery of our finished products to our customers? Controlling Are we meeting expected sales growth in each region?Are each of the salespeople meeting their sales projections? Is our projected budget for wages and salaries sufficient?Are we meeting our safety and training goals? Are our products being delivered to our customers in a timely manner, and at what cost?Are we dealing with stock-outs in…
The board of directors is typically responsible for O managing day-to-day operations O approving strategic goals and plans maintaining and controlling the firm's daily cash balances O arranging finance for approved long-term investments
Discuss Controlling. Discuss the importance of two basic types of financial statements.
This approach is used when analysts compare stock performance against other stock in the market or industry? a. fundamental b. technical analysis c. relative strength d. CAPM
Management accounting systems should be tailored to the organisation's or its managers' needs. While there are many management accounting systems, researchers have used different theories to understand the general principles that influence the design of management accounting systems. Choose two relevant theories and discuss the factors that may influence management accounting system design according to these two theories. You may use examples to elaborate each theory of your choice.[Word limit: 225 words. Note the word count at the end of your answer]
Please Solve in 30mins
Mental accounting isSelect one:a. when one associate realized gains and losses with the original stock price. b. when one associates only unrealized losses with the original stock price.c. when one does not associate unrealized gains and losses with the original stock price.d. when one associates unrealized gains and losses with the original stock price.e. when one associates only unrealized gains with the original stock price.
Which of the following statements reflects the financial position of the firm at the end of the financial year? Statement of cash flows Statement of changes in owner’s equity Balance Sheet Income Statement