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vagabundo [1.1K]
3 years ago
14

Judge whether the following statement is true or false.  ​One of the key​ player(s) that the financial manager works with is the

auditing firm of the company. Together with the controller a financial manager works with the Auditing Company to insure that proper controls are in place for the economic activities of the firm. Auditors review the process of checks and balances within the company to insure that access to funds and information is appropriate and that financial transactions are recorded and reported in such a manner as to provide potential investors and current owners accurate information about the performance and condition of the​ company.
Business
1 answer:
Sauron [17]3 years ago
8 0

Answer:

True

Explanation:

One of the key roles of any manager is controlling the operations under his authority, and the two main tools that a financial manager has to help him/her control the operations under his/her department are the financial controller (internal auditor) and the external auditor firm. In an ideal world, the financial controller should be enough to do this job, but in the real world, things can get complicated and it is always better to have a different point of view. There is always the possibility that the financial controller is not performing his/her job properly, and the external auditor will help us notice this flaws.

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Why are discounted cash flow methods of making capital budgeting decisions superior to other methods?
Katyanochek1 [597]

Answer:

Discounted cash flow strategies consider the time value of the currency and consider all future cash flows.

Explanation:

Discounted cash flow approaches recognize the value of money, and take into consideration all investment returns, unlike other traditional capital budgeting approaches.

  • Discounted cash flow is an accounting tool used to measure an investment's worth based on its future revenues.
  • Discounted Cash Flow analyses are trying to figure out the value of the company now, based on estimates of how much revenue it will make in the future.

5 0
3 years ago
Which one of the following is a primary market transaction?
Charra [1.4K]

Answer:

b. sale of a new share of stock to an individual investor

Explanation:

The primary market is where new stocks are created. it is the platform for investors to purchase stocks of an entity that goes public for the first time.

Hence the initial public offer otherwise known as IPO is a good example of a primary market transaction.

As such sale of a new share of stock to an individual investor is a primary market transaction

3 0
3 years ago
Read 2 more answers
Do you think that contracts or other financial instruments that do not have readily available market prices should be accounted
Damm [24]
<span>Fair value is defined as, a rational and unbiased estimate of the potential market price of a good, service, or asset. It takes into account such objective factors as: acquisition/production/distribution costs, replacement costs, or costs of close substitutes.

Since this is an opinion question, either answering yes or no is correct, but you have to say why. 


If I understand the question correctly, and the question isn't missing any parts, I would assume it's asking if you should put value on contracts as a document and other financial instruments. 

I was going to say no, but because contracts can be transferred or used as currency, I would say yes. 

If you say yes I would argue that giving a fair value of the contracts would make them more legal and have more bearing in a place of business.  That it would prevent the fluctuation of value on that contract based on other factors like profit/loss and whether or not you transferred, changed, etc. the contract. I would argue that to protect that contract and other financial instruments, and the holders stake in it, you should create a fair value for it.  

If you say no, I would argue that the contract can already be treated as a form of currency, and because of that it should not have a fair value placed on it.  I would also argue that because contracts often times state the value of that contract within itself, that it should not have a fair value.  And finally, I would argue that because with time, the value of items change, you should not place a fair value on a document that can be changed and can lose or gain value with time based on the purposed information in the contract.
</span>
3 0
3 years ago
Select the correct answer.
Dahasolnce [82]
I would go with answer “c”
5 0
3 years ago
Maxine knows the students will be disappointed that her textbook is out of stock, but she needs to get them information about th
Nana76 [90]

Answer:

The correct answer is C

Explanation:

Maxine got to know that the textbooks, are out of stock, which will disappoint the students, if they get to know, but she has to get the information regarding the orders.

So, she could start or begin his mail, by saying or mentioning that the students, we have to cancel or withdraw the order as the circumstances or situation arises, which is out of our control. I really appreciate the booking, but thank you for bookings.

8 0
3 years ago
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