Personal Statement : Noble Mineral Resources

Other responsibilities include working closely with the Chief Legal Officer to ensure the balance of goods manufactured and bought through contracts. Purchasing and material management is an important aspect of my role because I need to ensure that we are purchasing adequate raw materials so we don’t encounter backorders, which are costly to our business. It is also important that we do not over purchase materials and face carrying costs for access inventory or raw materials. As COO, I am also responsible for allocating the appropriate amount of hours, in order to efficiently produce products according to demand so that we do not ensure overtime or subcontracting fees.  Lastly, I will be responsible for shipping decisions, which correspond to our

What are the expected non-operating cash flows when the project is terminated in Year 10?

There are 3 core functional areas in every organisation. These core functional areas are marketing, production and finance or accounting. Although these functional area play their roles specifically, all the areas do actually relate together and have a specific goal. Each of these functional areas have to play their own part well only the organisation goal can be achieved.

As a CEO or a member of the management team it is important to have a very clear understanding of all the financial documents that are available to them. It is not only their duty but their responsibility to know these documents and finances extremely well because

Total Sales Dollars (for covering each incremental dollar of advertising) = Absolute increase in dollar sales / Advertising expense = $500,000 / $150,000 = $3.33

| |A. |[pic]|provide feedback by comparing results with plans and by highlighting deviations from plans |

See Table 1: Expected non-operating cash flow when the project is terminated at year 4 = 165,880$

You have been named the Chief Financial Officer (CFO) of a two year old company, CUNY Analytics. Financials have been prepared by a bookkeeper. As CFO, you responsible for the preparation of accurate financials, analysis and review of the financials before they are released and communication of the results of your company to banks, investors, creditors and the government, as necessary.

It is the board's responsibility to consider and authorize a suitable remuneration package for the company's chief executive officer (CEO), make recommendations with respect to the attractiveness of dividends and dividends pay out, approve stock splits, form the audit committees, approve the company's financial statements, oversee management’s involvement in the shareholders and other stakeholders long-term interests and recommend or discourage major decisions such as acquisitions and mergers.

It is highly recommended that the CFO does not interfere with the CAE’s job to provide feedback directly to the audit committee. Moreover, the company’s strategy should be discussed to assure that COO, marketing and sales VP and general counsel do not take passive roles. Additionally, the CFO should not focus so greatly on opposite strategy as presented by the CEO, as now the CEO wanted to maintain secure growth via acquisitions, securing gap in production and more geographic coverage, and on the other had the CFO wanted only more and more new acquisitions, which was not the right approach because his subordinates may have been confused about company’s strategy.

evaluated by the firm. Management is in charge of capital structure for a firm, therefor the decisions they

The Chief Operations Officer (COO) and the Chief Executive Officer (CEO) are the responsible individuals, which must make the appropriate decisions in order to protect the company’s wealth. As the COO, responsibilities include supervision of the three different product lines that

2. The $150,000 test marketing cost should not be included in the analysis because it is a sunk cost. A sunk cost is an outlay related to the project that

First and foremost, it is important to know exactly what a CFO does and how he or she goes about doing it. The chief financial officer position is accountable for the administrative, financial, and

The Chief Executive Officer (CEO) of FAM reports to the Executive Members. The CEO responsibilities include among others: