Choose the correct answer. 1. The following are examples of common financial goals and activities, except a. create an effective financial record keeping system b. develop a regular saving and investment program c. create and implement a flexible budget d. look for a creditor that charge low interest
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- Which of the following can use financial concepts to improve their decisions? Multiple Choice A.) financial professionals only B.) financial and nonfinance professionals C.) day-to-day operations managers only D.) long-term operations managers onlyWhich of the following can use financial concepts to improve their decisions? Multiple Choice financial professionals only financial and nonfinance professionals day-to-day operations managers only long-term operations managers onlyWhich of the following statements are true? a. Screening projects of the company and determining whether they are profitable or not is part of the financial manager’s investing role. b. A financial manager emphasizes that one of the roles of their department is to transact in the financial markets. c. In an organizational chart, a financial manager who is concerned with determination of product cost and cost control function must be under the Treasurer’s Function. d. A financial manager who is tasked to assessment the company’s credit capacity. In an organizational chart, he must be under the controller.
- Which of the following would not be a goal of externalusers reading a company’s financial statements?a. Understanding the current financial state of the company.b. Assessing the company’s contribution to social andenvironmental policies.c. Predicting the company’s future financial performance.d. Evaluating the company’s ability to generate cash fromsalesWhich of the following is a decision made by an internal user? A. How much money should the business budget for production? B. Should I invest in the business? C. Should we lend money to the business? D. All of the above are correct.B) Indicate whether the following statements are (True) or (False) and correct the false statements: Time-series analysis is the evaluation of the firm's financial performance in comparison to other firm(s) at the same point in time. Marginal analysis means that projects must be implemented if their revenues are higher than their expenses. Choose the correct answer The officer responsible for the firm's financial activities such as financial planning and fund raising, making capital expenditure decisions, and managing cash, credit, the pension fund, and foreign exchange is (a) Treasurer. (b) Controller. (c) Foreign exchange manager. (d) None of the above.
- Indicate whether the following statements are (True) or (False) and correct the false statements Profit maximization is the main goal of a business organization. The net accounting profit is the difference between the cash inflows and cash outflows of a given project. Financial markets are intermediaries that channel the savings of individual, businesses, and governments into loans or investments.Which of the following BEST describes Financial Condition Analysis (FCA)? Group of answer choices it mainly uses financial information in analysis it is a daily assessment of financial performance it evaluates the costs and benefits of financial analysis it assesses the impact of socioeconomic/organizational factors on financial conditionWhat support does Finance teams need to give a customer-oriented company a. Link size of client to customer value b. Not interfere in any activity c. Pricing, taxation and collection data d. Pay salaries on time
- XYZ is considering the option to invest excess cash in short-term financial instruments. XYZ wishes to have access to the investments as quickly as possible in order to pay bills and meet employee payroll and have a return on their investment. Briefly discuss which factors you would be focusing on under each of the six (6) steps. Briefly describe the research tools available including the CCH Answer Connect and CCH Accounting Research.Which is correct about financial information? a. Financial information’s purpose is only to comply with needs external users such as the government, investors and external stakeholders. b. Financial information can be used for forecasting and budgeting. c. Financial information deviates from the actual thus it justifies erroneous management decisions. d. Financial information is used by line managers to evaluate performance of staff positions. e. b & d f. All of the above g. None of the abovePROBLEM Below is a list of the qualitative characteristics identified in FASB Statement of Financial Accounting Concepts No. 2. Following the list is a series of descriptive phrases. a. feedback value b. relevance c. decision usefulness d. reliability e. comparability f. predictive value g. varifiability h. consistency i. representational faithfulness j. timeliness k. neutrality _____ 1. When information can make a difference in a decision. _____ 2. Making information available when it is needed. _____ 3. When accounting policies and procedures are unchanged from period ro period. _____ 4. When information is verifiable and neutral. _____ 5. Occurs when the measurement results can be duplicated. _____ 6. The overall qualitative characteristics accounting information should possess. _____ 7. When information enables decision makers to confirm prior expectations. _____ 8. When accounting information is reported the same way by different companies. Required: Match each characteristic…