Answer:
The Security Analyst Relations and the Accounting Department
Explanation:
The Chief Financial Officer or the CFO of an organisation is primarily responsible for the management of an organisation's financial matter, actions and decisions. The CFO is first and foremost an executive of any organisation and he determines the cash inflows and outflows from the organisation.
Furthermore, the CFO is responsible for the analysis of the strength and weakness of an organisation financially and also ensuring that controls are put in place to maintain the strengths and correct the weaknesses.
The accounting department is the primary department in charge of organisational finances, hence, it will be under the direct control of the CFO. The Accounting department ensures the prompt preparation and presentation of the company's financial statement. Furthermore, security analyst relations (in terms of financial securities and even physical security of assets and property) will also fall under the CFO's area of control.
Human Resource deals with human relations, marketing and production works together to ensure patronage of an organisation's products. These are not directly influenced by the CFO.
Answer:
Inflation simply explained is the increase in the prices of items over time. A higher inflation means higher rise in prices. In this case if the inflation rate is greater than the expected inflation rate (5% instead of 3%), the actual real wage will be less than $25.60.
The unemployment rate will decrease as workers have been relatively cheaper and the firms will also gain from the excess supply of cash due to unexpected higher inflation, and firms will higher more.
There will not be a trade off between inflation and unemployment if workers are able to perfectly adjust their inflation expectations.
Answer:
Explanation:
30 - 21 = 9 years
r = 3% inflation
FV = 25,000
We know that FV = PV(1+r)^n
25,000 = PV(1+0.03)^9
PV = 25,000/ 1.3047731
PV = 19,160.42, this is how much it worth today
