Bundle: Busn, 10th + Busn Online, 1 Term (6 Months) Printed Access Card + Mikesbikes-intro Simulation, 1 Term (6 Months) Printed Access Card
10th Edition
ISBN: 9780357004197
Author: Marcella Kelly, Chuck Williams
Publisher: Cengage Learning
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Chapter 9, Problem 1LO
Summary Introduction
To discuss: The goal of
Expert Solution & Answer
Explanation of Solution
Following are the goals of financial management:
- Profit maximization goal: It encourages the action which increases the profit and avoids the actions which decrease the profit.
- Value maximization goal: This goal considers that managers should go for decisions that increases or maximizes the firms value.
Following are the issues for the financial managers to achieve financial management goals:
- Accurate record-keeping
- Timely financial reporting
- Raising of fund
- Financial analysis
- Regulatory compliances
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Chapter 9 Solutions
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