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6 months ago

Profit maximization fails to provide an appropriate goal for financial managers because.

1 answer:

8 0

Profit maximization fails to provide an appropriate goal for financial managers because it lacks a time dimension it ignores risk.

Profit maximization is the primary intention of any business, and consequently it's also an goal of monetary management. In monetary control, it represents the procedure or the technique by which income incomes consistent with percentage (EPS) is improved.

It enables in attaining the gadgets to maximize the business operation for earnings maximization. The ultimate goal of any commercial enterprise is to earn a large quantity of go back in terms of earnings. for this reason, this goal of financial control considers all the viable approaches to boom the profitability of the enterprise situation.

The wealth maximization approach aims at maximizing the wealth of the shareholders by growing EPS. Means that the wealth maximization technique is considered better than earnings maximization because wealth maximization technique makes a speciality of the lengthy-term boom and development of an corporation.

Learn more about Profit maximization here: brainly.com/question/13464288

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What does it mean to set up an ""automatic deposit"" and why is this a good savings strategy?

Anna71 [15]

Answer:

It is an Eletronic Payment Method

Explanation:

An automatic deposit is a payment processing option where funds are deposited directly into the recipients' bank account. It is an electronic service applied in paychecks, tax refunds, and pensions. Individuals can set up such a service with their banks or employers.

As a saving strategy, an employee instructs the employer to make automatic payments to their savings account. The employee will decide the amount they want to save. The amount is deducted from their pay and send to their savings account. Business people can also instruct their bank to deduct a certain amount from the business account and send it to their savings account.

This strategy is suitable for saving because it's efficient. The amount meant for savings will not be available for other purposes. The automatic deposit system ensures the amount intended for saving is saved.

5 0

3 years ago

A firm could continue to operate for years without ever earning a profit as long as it is producing an output where

Assoli18 [71]

A firm could continue to operate for years without ever earning a profit as long as it is producing an output where

<span>MR stands for marginal revenue which is the sale price of a single item sold. On the other hand, AVC or the average variable cost is the firm’s variable costs divided by its output that is produced.</span>

5 0

3 years ago

Long Construction Company uses the percentage-of-completion method of accounting for long-term construction contracts. During 20

LUCKY_DIMON [66]

Answer:

$400 million less ($176+$84)=$14 million

Explanation:

the percentage of completion method of accounting is more like of income statement because it is used to assess the companys performance and financial position

8 0

3 years ago

The break-even quanity for a certain kitchen appliance is 6000 units. The selling price is $10 per unit, and the variable cost i

Alinara [238K]

Answer:

The correct answer is $36,000.

Explanation:

According to the scenario, the given data are as follows:

Break even quantity = 6000 units

Selling price = $10 / unit

So, Sales cost = 6,000 × $10 = $60,000

Variable cost = $4 / unit

So, total variable cost = 6,000 × $4 = $24,000

So, we can calculate the fixed cost by using following method:

Fixed cost = Sales cost - Variable cost

By putting the value,

Fixed cost = $60,000 - $24,000

= $36,000.

Hence, the fixed cost is $36,000.

3 0

2 years ago

Select all that apply

ANTONII [103]

Answer:

Go to your financial institution

Endorse the check and return it to whoever gave it to you

4 0

2 years ago