1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
umka2103 [35]
3 years ago
8

What is the most important duty of a firm's financial officer? to ensure that the firm has enough cash on hand to meet its commi

tments at any given time to decide how to pay for investments to manage working capital to make investment decisions?
Business
1 answer:
4vir4ik [10]3 years ago
8 0
<span>What is the most important duty of a firm's financial officer? to ensure that the firm has enough cash on hand to meet its commitments at any given time to decide how to pay for investments to manage working capital to make investment decisions?</span>
You might be interested in
Nunavet Ocean Cruises sold an issue of 12-year ​$1,000 par bonds to build new ships. The bonds pay​ 4.85% interest, semi-annuall
frez [133]

Answer:

bond market value $660

Explanation:

We need to calculate the present value of the maturity and the cuopon payment using the effective rate of 9.7%

First we do the annuity:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C  24.25  (1,000 face value x 4.85 bond rate / 2 )

time  24.00 (12 year 2 payment a year)

rate  0.04850 (current rate divide by 2 to get it annually)

24.25 \times \frac{1-(1+0.0485)^{-24} }{0.0485} = PV\\

PV $339.55

Then present value of the maturity

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00 the face value of the bond

time   24.00

rate   0.04850

\frac{1000}{(1 + 0.0485)^{24} } = PV  

PV   320.89

Finally we add them together:

PV coupon payment $339.5545

PV maturity  $320.8910

Total $660.4455

rounding to nearest dollar

bond market value $660

7 0
3 years ago
​the progressive insurance ad campaign knows that the average person in the target market is exposed to the message 13 times in
Sindrei [870]
This measures frequency, as it states that number of times the target gets to see the message
8 0
3 years ago
every spring, motorists do more driving than during the winter months. every spring, the price of gasoline increases and the mot
Vladimir [108]
Demand is driving up the price
5 0
3 years ago
In business, which of the following tones should be part of every written communications? a. Funny b.Vague c.Sarcastic d.polite​
dlinn [17]

Answer:

Polite

Explanation:

8 0
3 years ago
Example of demand in economics.
sweet [91]
Examples<span> of the Supply and </span>Demand<span> Concept. Supply refers to the amount of goods that are available. </span>Demand<span> refers to how many people want those goods. When supply of a product goes up, the price of a product goes down and </span>demand<span> for the product can rise because it costs loss.</span>
5 0
3 years ago
Other questions:
  • Under the liquidated damages clause in the Contract To Buy and Sell Real Estate, if the buyer defaults the seller has what optio
    5·1 answer
  • A sales associate is preparing a seller's net statement. She estimates a closing date of June 26. Taxes are estimated at $4,360
    9·1 answer
  • Which one of the following is not one of the major drivers of unethical managerial behavior?a. Intense competitive pressures. b.
    5·1 answer
  • In capitalism, what does competition do for consumers?
    8·2 answers
  • RJ Custom Bike Manufacturing has determined that the demand for the products and services offered by them is less elastic. With
    11·1 answer
  • Which item(s) are tax deductible for consumers who are buying or renting a home?
    14·2 answers
  • Choose all that apply. Select all the types of retirement accounts. IRA Mutual fund IDA 401(k) 403(b) CD
    13·1 answer
  • The business judgment rule protects corporate officers and directors when: _________
    10·1 answer
  • Is a market where securities are bought and sold
    5·1 answer
  • Tradable permits are likely to result in less inefficiency, relative to a pollution tax, when ... a. the marginal costs of damag
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!