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3 years ago

How does the finance function contribute to the business

Business

1 answer:

Harrizon [31]3 years ago

8 0

Answer:

In business, the finance function involves the acquiring and utilization of funds necessary for efficient operations. Finance is the lifeblood of business without it things wouldn't run smoothly. It is the source to run any organization, it provides the money, it acquires the money. (got the answer from google hehe)

Explanation:

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Explanation

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3 years ago

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The main reason behind using the residual income in place of rate if income is that the manager always goes for that project that gives maximum benefit to the organization.

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The main reason behind using the residual income in place of rate if income is that the manager always goes for that project that gives maximum benefit to the organization.

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3 years ago

Which demand situation occurs when a competitor offers a similar product or service at a lower price?

Naya [18.7K]

Answer:

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3 years ago

A firm expects to sell 25,500 units of its product at $11. 50 per unit and to incur variable costs per unit of $6. 50. total fix

Afina-wow [57]

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The contribution margin is computed as the promoting rate per unit, minus the variable fee in keeping with the unit. additionally referred to as greenback contribution in keeping with the unit, the measure shows how a specific product contributes to the general profit of the organization.

The closer a contribution margin percentage, or ratio, is to 100%, the better. The better the ratio, the more money is available to cowl the commercial enterprise's overhead expenses or fixed prices. However, it is more likely that the contribution margin ratio is well below one hundred%, and possibly beneath 50%.

Contribution margin, or greenback contribution per unit, is the selling rate per unit minus the variable price in step with the unit. "Contribution" represents the part of sales revenue that is not consumed through variable expenses and so contributes to the coverage of constant fees.

Learn more about contribution margin here brainly.com/question/24039258

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1 year ago

How does the finance function contribute to the business​

How does the finance function contribute to the business