Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. Financial managers work in many places, including banks and insurance companies.
Financial managers increasingly assist executives in making decisions that affect the organization, a task for which they need analytical ability and excellent communication skills.
Financial managers’ main responsibility used to be monitoring a company’s finances, but they now do more data analysis and advise senior managers on ideas to maximize profits. They often work on teams, acting as business advisors to top executives.
Prepare financial statements, business activity reports, and forecasts
Monitor financial details to ensure that legal requirements are met
Supervise employees who do financial reporting and budgeting
Review company financial reports and seek ways to reduce costs
Analyze market trends to find opportunities for expansion or for acquiring other companies
Help management make financial decisions
Answer:
$30,947.92
Explanation:
The computation of the net present value is shown below:
= Present value of all yearly cash inflows after applying discount factor + - initial investment
where,
The Initial investment is $74,000
All yearly cash flows would be
= Annual cost savings × PVIFA for 9 years at 8%
= $16,800 × 6.2469
= $104,947.92
Refer to the PVIFA table
So, the net present value is
= $104,947.92 - $74,000
= $30,947.92
Answer:
Yes buy the cushions
Explanation:
The computation is shown below:
= Manufacturing cost - purchase cost
where,
Manufacturing cost is
= Direct materials + direct labor + variable overhead cost + fixed overhead cost
= $1 + $10 + $5 + $6
= $22
The fixed overhead cost is
= $8 - $2
= $6
And, Purchase cost is $18
Savings cost is
= $22 - $18
= $4 per set
And, the number of sets is 4,000 cushion sets
So, total amount saved is
= 5,000 cushion sets ×$4 per set
= $20,000
That statement is false
Strategic performance evaluation monitors all activities that could influence company's productivity, including the external sources.
In fact, external sources could contribute greately in company's performance. For example, Government could suddenly lower tax-rate for trading with a neighboring country where company obtain most of its raw material.
Answer:
Explanation:
A. Take a loan from Bank One at 5.5% and save the money in Bank Enn at 6%.
B. Bank One would experience a surge in the demand for loans, while Bank Enn would receive a
surge in deposits.
C. Bank One would increase the interest rate, and/or Bank Enn would decrease its rate.