Explain the need for financial statements in organisations. why are they important? what are they used for? what are the different types?

Q: Find out change in stock if closing stock is $60,000 and opening stock is $34,000?

A: According to question we are given  closing stocks =$60,000 Opening stock=$34,000 we have to…

Q: Reflection about Non-banking Financial Institutions?

A: Non-banking Financial Institutions (NBFI)- NBFI does not have a complete banking license and cannot…

Q: Some people think that financialmarket transactions should be taxed. What are the arguments for and…

A: A financial transaction is a contract between a buyer and a seller to exchange goods, services, or…

Q: What are Fixed assets? What do they include?

A: If a firm use a tangible piece of his own property to generate his income is known as fixed asset.…

Q: How important is CFO in a rural bank? What he can do that others cannot?

A: As a top executive, the chief financial officer is in charge of a company's financial operations.…

Q: 02.04 What is Stock Anyway? Investing basics chart

A: Stock refers to the share of an individual in the total investment in a company. It is also known as…

Q: How has the COVID-19 pandemic affected the operations/performance of specific financial…

A: Coronavirus has brought the world into a state of crisis. The economy loses its equality and cannot…

Q: discuss why people working in the finance industry might make unethical decisions.please give a…

A: Introduction and Example Regardless of whether it's a chief or forefront worker, it appears to be…

Q: The connection between financial management and financial market

A: Answer: A financial market refers to a market where the trading of securities takes place, financial…

Q: What is shares of stocks?

A: A capital market is a marketplace where investors and sellers exchange financial instruments such as…

Q: Why are all businesses required to record and report on their financial status?

A: The financial statement is also known as the income statement that is the chronological record of…

Q: three ways in which banks use to make profit

A: Three ways banks can make profit 1)By providing loans and earning interest on it. 2)By investing in…

Q: What is the role of the board of directors in corporate governance? What responsibilities does the…

A: Governance refers to the system under which rules and regulations have been followed by an…

Q: Why does the "wherewithal" and "efficiency" of the financial system matter (so much)?

A: Financial markets are the market system deals with borrowers, lenders, and investors negotiating for…

Q: what are the roles of financial managers?

A: Financial Manager plays the critical role when it comes to the financial management of firm.

Q: Financial statements, what are they? what are they used for? Why are they important? What are the…

A: For business , individual , lender , government financial statements are very useful to know the…

Q: What are the importance of awards and quality certifications in business organizations?

A: Awards and quality certifications increase the brand of the business organization. For the…

Q: purpose and contents of "Financial Markets" is : Group of answer choices   about what a basic…

A: A financial market refers to the form of market in which people trade financial assets and…

Q: Compare between the corporation and the joint stock company and compare between the LLC and the…

A: In certain ways, a corporation and a joint stock company are different. A corporation is founded by…

Q: Why are the financial statements important in business?

A: Financial statements are the written records which conveys the activities of business and financial…

Q: Define what financial instisutions are and give examples to explain your understanding

A: Types of financial institutions include: 1. Depository institutions:  These institutions are deposit…

Q: How would a financial manager's role in a corporation increase/decrease if the rate of inflation in…

A: Inflation has its own pros and cons. Consumers are worse-off with inflation but investors can enjoy…

Q: s and explanatio

A: The process of risk quantification by assigning numbers being comparable and measurable to the…

Q: How can small businesses get out of debt?

A: Small businesses need to have proper pplanning and management of cost and other factors. If there is…

Q: What are holding costs and why is it important to manage them?

A: The holding costs are one of the categories of the costs associated with the firm. it is the cost…

Q: Should you buy or sell stocks?

A: Business can be of many types. For example in oil business, there is oil production and then selling…

Q: Describe how financial statements are used to help businesses make finance-related decisions

A: Financial statements are formal records of the monetary activities and position of a business,…

Q: Why is ownership of a corporation the easiest to transfer?

A: A corporation  varies from a sole proprietorship and a partnership in that it is a separate legal…

Q: What is the significance of financial markets in the country’s economy?

A: Financial market: - it is a market for financial securities where people buy and sell financial…

Q: difference of the demand of financial services

A: Financial services include a wide range of economic activities like investing, managing insurance,…

Q: Explain in detail the structure of the Financial System in India. Draw a flow chart...

A: Financial sector is the most important sector for any country. This is because it helps to maximize…

Q: "Knowing how to secure your financial well-being is one of the most important things you'll ever…

A: The investments and savings accounts helps your money grow over time. Different types of investments…

Q: Difference between board of directors and management ?

A: Management: Humans do not live in solitude. They seek assistance from others to complete their…

Q: What is the overall objective of a business raising financial capital A) grow and increase profit…

A: A business organization's objectives are things it aims to attain or accomplish over a certain…

Q: What is the role of a shareholder in a corporation?

A: Shareholders are the owners of a company. They have ownership rights in the shares of corporation.…

Q: Answer the attached question

A: With rise in stock prices, it is only profitable till shares are sold.

Q: highlight the role played by investment banks in mergers and acquisitions and explain the advantages…

A: The meaning of Mergers: The term merger means that when the two or more firms are combined with each…

Q: A _________ is a share of a corporation that may be bought and sold.

A: A share of stock is a unit of owner ship in a corporation. Stock may be purchased by individuals,…

Q: In how many categories, financial system is classified?

A: Financial system is classified into 4 categories.