'Financial management of a business, agency, household or another economics unit involves the acquisition and use of financial resources and the protection of equity capital from various sources of risk.
Financial management is the business function concerned with profitability, expenditure, cash, and credit, and ensures that "an organization has the means to achieve its objectives as satisfactorily as possible." The latter is often defined as maximizing shareholder value.
Financial Management is the strategic planning, organization, management and management of financial companies in an organization or institution. It also includes applying management principles to the financial assets of the organization while playing a key role in tax administration.
Financial Management is defined as the management and analysis of money and investments for the purpose of making business decisions by individuals or organizations. An example of financial management is the work of a company's accounting department.
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Answer and Explanation:
1. Interest Revenue $23,000
Sales Revenue $510,000
To Income Summary $533000
(Being closing of revenues accounts are closed)
2. Income Summary $453,000
To Sales returns $20,000
To Sales Discounts $7,000
To Cost Of goods sold $310,000
To Freight out $2,000
To Advertise Exp $15,000
To Interest Exp $19,000
To Salaries & Wages $55,000
To Utility $18,000
To Depreciation $7,000
(Being closing of expenses accounts are closed)
3. Income Summary $80,000
To Retained Earning $80,000
(Being profit is recorded)
4. Retained Earning $30,000
To Dividends $30,000
(Being closing of dividend is recorded)
The IRR can lead to incorrect project rankings because projects with much higher NPVS may also have <u> </u><u>longer project lives.</u>
Certain projects may have a very high IRR and may only last a year. Therefore, a project with a slightly lower IRR and lasting several years may be favored over a project with a higher IRR. NPV correctly ranks these projects when ranking from highest NPV to lowest NPV.
A project is an undertaking, individually or collectively, involving carefully planned research and design to achieve a specific goal.
Another view of project management is to think of it as a series of events or "a series of related tasks to be performed over a specified period of time and within specified costs and other constraints."
A project is a temporary (rather than permanent) social system (work system) set up by a team (intra-organizational or inter-organizational) to accomplish a specific task under time constraints. in some cases.
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Answer:
Additional tax the firm will owe: $3.15
Explanation:
Marginal tax rate is calculated by following formula:
Marginal tax rate = Change in taxes paid/Change in income
Change in taxes paid = Marginal tax rate x Change in income
The firm increases its revenue by $100 while increasing its cost of goods sold by $85.
Change in income = $100 - $85 = $15
Additional tax the firm will owe = $15 x 21% = $3.15
C. Nonprofits co corporation
