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denpristay [2]
1 year ago
6

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

Business
1 answer:
snow_lady [41]1 year ago
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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On August 31, 2021, Shocker borrows $57,000 from a local bank. A note is signed with principal and 9% interest to be paid on Aug
vladimir2022 [97]

9% interest to be paid on August 31, 2022, is  $1,710.

The price of return that lenders call for for the ability to borrow their cash. for example, the interest rate on credit playing cards is quoted as an APR. In our instance above, four% is the APR for the mortgage or borrower. The APR does not keep in mind compounded interest for the yr.

There are some public sectors in addition to private zone banks in India. although every bank, typically has a different range of interest price for savings bills, the rates commonly range from 2.70% p.a. to six.25% p.a. 2.70% p.a. to 6.50% p.a.

Paid interest is a hobby you've already been credited or paid for. As noted, before virtually having access to the hobby, it's really accruing. however, once that sum hits our account or balance, it is now known as a paid hobby.

Learn more about bank interest here:-brainly.com/question/15728540

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7 0
2 years ago
6. The effects of inflation Suppose Friendly Airlines is considering signing a long-term contract with the union representing it
Alla [95]

If inflation is lower than expected, it would benefit the union and it would be a disadvantage to Friendly Airlines because the real wage increase would now be 4%.

<h3>What is inflation?</h3>

Inflation is when there is a general increase in the general price level of an economy. If inflation turns out to be lower than expected, the employers would be at a disadvantage while the employees would be at advantage because there would be an increase in their real wages.

Increase in real wage = real increase in wage + (expected inflation + actual inflation)

3% + (6% - 5%) = 4%

To learn more about inflation, please check: brainly.com/question/15692461

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8 0
2 years ago
Disinflation is defined as a:__________
Nina [5.8K]

Answer:

Option d (reduction in the rate of inflation) is the appropriate option.

Explanation:

  • Disinflation seems to be a decline throughout the pace of price growth that happens traditionally throughout a recession because this availability of commodities exceeds the threshold value for themselves.
  • Although unlike deflation, whenever consumer prices inevitably decline, disinflation income levels don't collapse, perhaps the inflation rate appears zero.

Some other choices being made aren't connected to the circumstance offered. So the answer above is the right one.

8 0
3 years ago
You consider several potential strategies you could recommend to the CEO and the Board of Directors. Some will necessitate sweep
SSSSS [86.1K]

Answer:

answer is given below

Explanation:

You have recommended that the company improve quality control by ending contracts with outside contractors and bringing all the product to the United States. This is the best option. Given the risks facing the company, it is advisable to make extensive changes in operations

  • It is always a viable decision to keep or control the quality aspects of the company in the House, because monitoring is more precise and, moreover, any small differences can be easily detected and overcome at any time.
  • In addition, working from home is always a benefit and value addition to make the production process flow freely and progressively.
  • The factor that drives a company to manage its profits from the country and, therefore, this option is viable
4 0
3 years ago
Selected data taken from the accounting records of Ginis Inc. for the current year ended December 31 are as follows: Balance, De
nalin [4]

Answer:

Cash payment for merchandise inventory is $1,025,800.00

Cash payment for operating expenses is $179,170.00

Explanation:

The amount of cash payments in respect of merchandise inventory is the cost of merchandise sold minus decrease in inventories plus decrease in accounts payable.

Cash paid for merchandise inventory=$1,031,550-($193,430-$178,020)+($105,800-$96,140)=$1,025,800.00  

Cash paid for operating expenses=$179,400+($14,030-$12,650)-($8,970-$7,360)=$ 179,170.00  

8 0
3 years ago
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