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guajiro [1.7K]
1 year ago
12

Financial managers should strive to maximize the current value per share of the existing stock to:_____.

Business
1 answer:
My name is Ann [436]1 year ago
6 0

Financial managers should strive to maximize the current value per share of the existing stock to  represent the interests of the current shareholders.

<h3>What is the functions of the Financial managers?</h3>

Financial managers can be described as the type of managers that are  responsible for the financial health of an organization.

They help in the  creation of the  financial reports as well as  directing investment activities, and develop plans , hence Financial managers should strive to maximize the current value per share of the existing stock to  represent the interests of the current shareholders.

Learn more on Financial managers at:

brainly.com/question/1279044

#SPJ1

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Sheffield Corp. produces three versions of baseball bats: wood, aluminum, and hard rubber. A condensed segmented income statemen
nekit [7.7K]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Sales=$775000

Variable expenses= 523000

Contribution margin= 252000

Fixed expenses= 132000

Net income= $120000

Hard Rubber:

Sales=$65000

Variable expenses=58000

Contribution margin= 7000

Fixed expenses= 22000

Net income= -15000

New net income= 120,000 + 15,000 - 22,000= 113,000

6 0
3 years ago
As a result of a thorough physical inventory, Sheridan Company determined that it had inventory worth $320800 at December 31, 20
uranmaximum [27]

Answer:

Sheridan Company

The correct amount of inventory that Sheridan should report is:

= $367,100

Explanation:

a) Data and Calculations:

December 31 Inventory based on physical inventory =      $320,800

Goods held on consignment by Herschel =                            46,300

December 27, FOB destination goods ($22,000)                   0

Correct amount of inventory that Sheridan should report $367,100

b) Goods on consignment are generally the property of the consignor (supplier) and not the consignee's (retailer's).  Therefore, they must appear in the balance sheet of the consignor.  Goods on FOB destination remain the property of the supplier until they reach the buyer's destination.  This is why it is not included above.

6 0
2 years ago
Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and
Tamiku [17]

Answer: D. $40,175

Explanation:

The balance in the Capital account reported on the Statement of Owner's Equity will include the Capital contributions of Andrea Apple to the business as well as the Net income from operations also known as Retained Earnings.

The Net Income for the month will be revenue less expenses.

Revenue

$5,700 cash and $2,750 on account for services provided in January.

Revenue is therefore,

= 5,700 + 2,750

= $8,450

Expenses

Expenses include the rent paid of $1,500 and the $275 paid for January Utilities.

= 1,500 + 275

= $1,775

Net Income = Revenue - Expenses

Net Income = 8,450 - 1,775

Net Income = $6,675

The Capital that Mr. Apple brought into the business refers to anything he contributed to the business whether in cash or otherwise.

The Capital therefore is,

- The $13,500 cash and the $20,000 worth of equipment.

The Capital Mr. Apple brought into the business is therefore,

= 13,500 + 20,000

= $33,500

The balance on the capital account will therefore be,

= Capital + Net Income

= 33,500 + 6,675

= $40,175

Option D. is correct.

3 0
3 years ago
23. The Geotechnical Considerations Decision Matrix can help identify situations in which ________ conditions are not suitable f
Vlada [557]
<h2>Howdy,</h2>

Answer- soil conditions

7 0
2 years ago
When paying your bills, it is most financially beneficial to make larger payments to:___________.
gulaghasi [49]

Answer:

to those outstanding payments which have highest interest rates.

Explanation:

If we pay and settle more outstanding bills now which have high interest rates it will save us from interest which will be charged in future for delayed payment as it will by multiplied by number of days or months for which it has been delayed.

So if we are not paying high interest outstanding bills it will cost us more in future by high interest amount added to the bill amount.

8 0
3 years ago
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