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3 years ago

The primary goal of financial management is to:

Business

1 answer:

sammy [17]3 years ago

3 0

Answer:

The correct answer is letter "B": maximize the current value per share of the existing stock.

Explanation:

Financial management comprises several steps to safeguard a company's assets and sustain the firm's profitability in favor of its stakeholders. Those steps include planning, budgeting, managing and assessing risks and establishing the procedures that will be taken to keep the business going.

Thus, one of the cores of financial management is to increase the company's stock value to attract more investors, bringing more money to the company for reinvestment or the payment of expenditures.

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What is the rationale behind the ceiling when applying the lower-of-cost-or-market method to inventory?

Taya2010 [7]

Answer:

The correct answer is letter "D": Prevents overstatement of the value of obsolete or damaged inventories.

Explanation:

The lower-of-cost-or-market method values assets according to the lowest value possible choosing between the market value or the asset's historical cost. This accounting principle is useful to avoid exaggerating the value of obsolete or damaged assets the firm might have in stock.

5 0

2 years ago

Patsy, a registered nurse, has decided to start a home healthcare service to assist with the medical, meal preparation, and ligh

allochka39001 [22]

She is involved with the cultural environment as this mainly focus on the well being of each individual and each of the person's identity in which we can see that Patsy is focused on the elderly for her reason to provide the assistance they need and requires.

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2 years ago

Read 2 more answers

Pearsall Company's defined benefit pension plan had a PBO of $268,000 on January 1, 2021. During 2021, pension benefits paid wer

Temka [501]

The amount of the PBO at December 31, 2021, was $333800

Explanation:

The amount of PBO at december 31st is calculated as follows:

PBO on jan 1, 2021 = $268000

add: Service cost = $86000

add: interest = $26800

less: pension benefits that have been paid = $47000

now, we have to solve the above calculation

we get, PBO at dev 31 = $333800

Note: interest is calculated by multiplying the PBO amount on Jan 1,2021 with the rate of interest given.

Thus, $268000 multiply 10% = $26800

3 0

3 years ago

After September 11, 2001, the federal government increased military spending on wars in Iraq and Afghanistan. Is this increase

otez555 [7]

Answer:

Explanation:

Although the Fiscal policy includes the detail of government revenue collection and its spending and military budget is allocated in the budget as part of the policy, however after the incident of 9/11, the increase in military spending (including spending on wars in Iraq and Afghanistan) was designed to achieve homeland security objectives.

White House designated the Office of Homeland Security to oversee and coordinate a comprehensive national strategy to safeguard the country against terrorism and respond to any future attacks.

4 0

2 years ago

A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks

Liula [17]

Answer:

a. 41.6 million

b. 42.28 million

Explanation:

A) GIven

forecast in june = Sjune = 42 million

Checks recived in june = Xjune = 40 million

Smoothing constant = a = 0.2

So for july

Sjuly = a*Xjune + (1-a)*Sjune

=0.2*40 + (1-0.2)*42 million

=8+33.6 = 41.6 million

B) forecast in july = Sjuly = 41.6 million

Checks recived in july = Xjuly = 45 million

Smoothing constant = a = 0.2

So for August

Saugust = a*Xjuly + (1-a)*Sjuly

=0.2*45 + (1-0.2)*41.6 million

=9+33.28 = 42.28 million

Note: This uses an exponential smoothing to forecast the results, but from the number of checks recived we see that it increases linearly. So we need a linear forecasting method .

5 0

3 years ago