Financial Managers must know how to interpret a company's financial statements to effectively allocate the firm's financial resources and generate the best return possible for the company in the long run.
<h3>Financial Managers</h3>
They analyze the company's finances and report on the finding to their senior managers to maximize profits. Their role mainly includes:
- Prepare financial reports
- Review financial information
- Analyze market position for growth purposes
As with enhancement in technology, financial manager's role is mainly shifted from preparations of reports to analysis and determine the best possible ways for companies to expand.
<h3>Multiple Selections</h3>
Keeping in view the above points mentioned, the financial managers cannot recruit suitable candidates not setting the price of the company's product is their duty. Therefore, these points are invalid.
However, their roles do include allocating the firm's financial resources and generating the best returns for the company to grow in the long run.
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Answer:
The Journal entries are as follows:
(a) On November 5,
Merchandise inventory A/c Dr. $6,000
To Accounts payable $6,000
(To record the purchasing of Merchandise inventory)
(b) On November 7,
Accounts payable A/c Dr. $250
To Merchandise inventory $250
(To record the returned units)
(c) On November 15,
Accounts payable A/c Dr. $5,750
To cash $5,635
To Merchandise inventory $115
Workings:
Final amount due:
= Cost of goods purchased - Cost of goods returned
= 6,000 - 250
= $5,750
Discount amount:
= Final amount due × Discount percentage
= 5,750 × 2/100
= $115
Cash payment to be made:
= Final amount due - Discount amount
= 5,750 - 115
= $5,635
Helena Fogarty is in Idea generation stage of new product development.
Option A
<u>Explanation:
</u>
Idea generation describes the process of actively looking for new solutions and creating proposals that do not yet exist. Idea generation mainly applies to the initiation of the learning process.
It is clear that ideas alone are not going to make creativity possible, since a formal mechanism to handle such ideas must be established. The aim is not only to produce loads of them, but also to take account of the nature of them.
Thoughts are the first move towards change, as described above. Development is based on fresh ideas as individual people. From an individual's point of view, whether you feel stuck in the loop or cannot fix any certain problem, new concepts can help you change forward.
Answer:
a. sellers are to a change in price
Explanation:
The price elasticity of supply measures the percentage change in quantity supplied with the percentage change in price
In mathematically,
Price elasticity of supply = (Percentage change in quantity supplied ÷ percentage change in price)
It shows a direct relationship between the quantity supplied and the price.
Answer:
protection profiles.
Explanation:
Common Criteria can be defined as an international set of guidelines and specifications which are designed and developed for the evaluation of an information security product, in order to ensure that they meet an agreed-upon and specific security standard for general use by the public. It comprises of two (2) key components: Evaluation assurance level and protection profiles.
In the Common Criteria, the common set of functional and assurance requirements for a category of vendor products deployed in a particular type of environment are known as protection profiles.
