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- Organizational charts _____. A. list the salaries of all employees B. outline the strategic goals of the organization C. show the structure of an organization D. help management measure financial performanceWhich of the following groups would have access to managerial accounting information? A. bankers B. investors C. competitors of the business D. managersAssume you have been hired by Hilton Hotels and Resorts. As part of your new role in the accounting department, you have been tasked to set up a responsibility accounting structure for the company. As your first task, your supervisor has asked you to give an example of a cost center, profit center, and an investment center within the Hilton organization. Your supervisor is a little unsure of the difference between a profit center and investment center and would like you to explain the difference.
- Explain how, as a financial manager, you would use financial ratios in daily operations to ensure the success of the organization.Explain how, as a financial manager, you would use financial ratios in daily operations to ensure the success of the organization. (1 Paragraph)Identify which financial statement is required to calculate each of the following: a. Profitability b.solvency c.efficiency d.liquidity 2. Explain how a financial manager may use financial ratios to analyse the financial performance of a business
- Which 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.Discuss the role of finance in business. What is the purpose of financial management? Describe the kinds of activities that financial management involves. What kind of tools do financial managers leverage to access and/or monitor the health and performance of a business?Recommend ways in which your company may utilize anticipated financial statements and other metrics of business success to analyze its operations and procedures.
- Assuming that you are one of the people who has the responsibility to manage the financial aspects of the business. Enumerate and discuss your role as a financial manager.Determining the cost of producing specific products or providing services and analyzing for cost effectiveness. Includes preparing various reports and financial statements and analyzing operating, investing, and financing decisions. The process in which accountants help managers develop a financial plan. A business that buys a product from another business to sell to customers. Telling the results of the financial information. A type of ownership structure in which more than one person owns the business. Specializes in cash, payroll, accounts receivable, accounts payable, inventory, or purchases. A system of gathering financial information about a business and reporting this information to users. Bringing various items of information together to determine a result. A business that makes products to sell. A business that provides a service. Generally supervises the work of…What kind of tools do financial managers leverage to access and/or monitor the health and performance of a business?