Finance Director Essay

1.What are conversion factors? Why were conversion factors developed? How do they impact on which bond is cheapest to deliver? Under what conditions would there be no cheapest to deliver? Explain in detail.

Warren Company makes candy. During the most recent accounting period, Warren paid $3,000 for raw materials, $4,000 for labor, and $2,000 for overhead costs that were incurred to make candy. Warren started and completed 10,000 units of candy, of which 7,000 were sold. Based on this information, Warren would recognize which of the following amounts of expense on the income

Life insurance is meant to provide funds to replace a breadwinner's to protect and support dependents. Chad and Haley are dependents, not income providers. Therefore, the purchase of life insurance is unnecessary and not recommended. The Dumonts should use the money they would spend on policies for the children to increase their own coverage.

An individual stock's diversifiable risk, which is measured by the stock's beta, can be lowered by adding more stocks to the portfolio in which the stock is held.

Most corporate financing decisions in practice reduce to a choice between debt and equity. The finance manager wishing to fund a new project, but reluctant to cut dividends or to make a rights issue, which leads to the decision of borrowing options. The issue with regards to shareholder objectives being met by the management in making financing decisions has come to become a major issue of recent times. This relates to understanding the concept of the agency problem. It deals with the separation of ownership and control of an organisation within a financial context. The financial manager can raise long-term funds internally, from the company’s cash flow, or externally, via the capital market, the market for funds

In order to grow Best Financial’s business steadily in the future and make it become a leader in the Sarnia market, it has to address the following:

In order to recruit to fill this budget analyst position, we will be seeking individuals who have a four-year, bachelor’s degree, in accounting or finance. At Assess and Balance Financials, needs qualified individuals who understand basic accounting and financial rules and equations learned through course material and experience. This is best for Assess and Balance Financials because the material covered affects many firms and creates a domino effect down to the taxpayers if the numbers are not handled with precision and accuracy, so it is imperative that this individual understand and have experience working with budgets and have knowledge in accounting. This audience is best for Assess and Balance Financials because these individuals will have the four-year degree and internships and if older, some additional job experience.

The Controller is often thought same as Chief Financial officer (CFO), but they both are different. Controller reports to CFO if the company has one. Otherwise, h/she reports to the President of the company. CFO reports to the Chief Executive Officer (CEO) or the President. Other accounting managers and accountants report to the controller. “A financial controller is an individual in a company that is the head of the accounting division within the company” (Wilkinson, 2013). He is fully responsible for company’s financial reporting. Some of the responsibilities of the financial controller are assisting with the annual audit, perform accounts payable and accounts

Financial Management is a critical aspect of any business in order to achieve a sustainable and efficient cash flow. It is essential in maintaining the link between a business’s future financial goals (profit maximization) and the resources that it has in order to achieve its objectives. Businesses demand certain common goals that increase a bussiness's all around achievement, Some of which involve; growth amongst assests, An increase in efficiency in all areas of the business whether it be management or not. And the ability to meet short term and long term debts. Finacial management undertakes the responsibility to implement and acheive these goals for the business using a range of strategies shaped to meet the needs of the business and

The directors have pleasure in submitting their report together with the audited financial statements of the Company for the year ended 31 December 2010.

| An increase in NWC is treated as a cash inflow in capital budgeting cash flow estimation.Answer

Financial Management Introduction = == == == ==

McCain’s investment in alternate energy and waste lagoon together will cost 150 millions with a possible cost of capital 15% per annum. So, McCain therefore need to evaluate profitability, feasibility and cost effectiveness of both project in long run.

The area in which I spent the most was definitely transportation however, this expense was an absolute necessity that I could not avoid. Being raised to be conscious about my money spending habits and to always look for a bargain was not something I could necessarily put into practice concerning this area. Areas where I spent the least would have to be personal care and personal extras; there is always a great sale and or off brand personal hygiene product to be bought. When I don’t buy the flashy product with the pretty packaging and well known name I save a bit of money in the process. The fact of saving money on products like these is so liberating and I get a huge adrenaline rush out of it! As far as

Financial Statements basically show the historical performance or record of the company at some previous point of time. By the time when financial statements are made public, changes are many economical areas such as market conditions, currency exchange rate and inflations can change the values of assets and liabilities. In this case there often exist discrepancies between book value of assets and their market values.