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3 years ago

Finance managers spend the majority of their time managing ____.

Business

2 answers:

Juli2301 [7.4K]3 years ago

8 0

Answer:

The answer would be, long-term financial needs

Explanation:

Financial managers maintain a firm’s financial health by developing long-term investment activities and financing strategies. In order to develop these long-term investments and financing activities, financial managers conduct data analysis and offer advice to senior management on ideas that can maximize the firm’s profits. Moreover, financial managers develop direct investment activities, financial reports, and formulate plans and strategies to achieve the long-term financial goals of a company.

AfilCa [17]3 years ago

8 0

Answering the question, finance managers spend the majority of their time managing short-term financial needs.

Short time finance can be defined as finance needs for a short period. The short period is usually not up to a year. In many businesses, short term finance is also called working capital financing.

<h2>Further Explanation</h2>

Businesses need short time finance to take care of the uneven flow of cash, and for most firms, short term finance is used to finance all kinds of inventory and many more.

There are different types of short term financing and these include:

Trade credit
Short term loans
Business line of credit

Trade credit: firms can get also receive credits from their suppliers or manufacturers. This type of credit is called trade or mercantile credit. The duration of the credit usually lasts between 30 and 90 days. A firm can access trade credit upon opening an account with their suppliers.

Short term loans: firms can also take advantage of short terms loans. This type of short term financing can be granted by banks or other financial institutions.

Business line of credit: it is regarded as the most suitable of all the types of short term financing. It is a type of short term financing in which a certain amount is approved by a financial institution. The firm will have to make a deposit anytime their customers make a payment to the firm.

LEARN MORE:

Binh was recently named general manager of a newly created business brainly.com/question/13500110
Finance managers spend the majority of their time managing brainly.com/question/6711724

KEYWORDS:

finance mangers
short term needs
majority
company
inventory

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2 years ago

New Business is just being formed by 10 investors, each of whom will own 10% of the business. The firm is expected to earn $500,

Triss [41]

Answer:

additional income is $11050 if the business is organized as a partnership rather than as a corporation

Explanation:

given data

investors = 10

own = 10%

earn = $500000

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personal tax rate = 35 %

to find out

How much additional spendable income

solution

we find here first income if formed as corporation in hand that is

income if formed as corporation = earn × own ( 1 - corporate tax ) × ( 1 - personal tax )

income if formed as corporation = 500000 × 10% ( 1 - 34% ) × ( 1 - 35% )

income if formed as corporation =$21450

and

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put here value

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2 years ago

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Sauron [17]

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2 years ago

On January 1, 2009, Coronado Industries purchased for $690000, equipment having a useful life of ten years and an estimated salv

JulijaS [17]

Answer:

There is not gain in this operation so the answer is $0

Explanation:

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(641.400/10*8) = 513.120

then the journal entry to record the monthly depreciation for 8 years is

Depreciation expense 513.120

Acc Depreciation 513.120

* Post the Journal Entry to record the sell of FA

You have to reverse the Acc Depreciation and credit the FA

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