When WestCo ensures that it always has enough funds on hand to purchase the materials and human resources that it needs to produce goods and services, the company is exercising ______. Question 32 options: A) cash flow management B) government tax reporting C) account balancing D) financial planning E) financial control
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When WestCo ensures that it always has enough funds on hand to purchase the materials and human resources that it needs to produce goods and services, the company is exercising ______. Question 32 options: A) cash flow management B) government tax reporting C) account balancing D) financial planning E) financial control
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- Consider the dilemma you might someday face if you are the chief financial officer of a company that is struggling to maintain a positive cash flow, despite the fact that the company is reporting a substantial positive net income. Maybe the problem is so severe that there is often insufficient cash to pay ordinary business expenses, like utilities, salaries, and payments to suppliers. Assume that you have been asked to communicate to your board of directors about your companys year, in retrospect, as well as your vision for the companys future. Write a memo that expresses your insights about past experience and present prospects for the company. Note that the challenge of the assignment is to keep your integrity intact, while putting a positive spin on the situation, as much as is reasonably possible. How can you envision the situation turning into a success story?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 is correct? a. The Controller is responsible in overseeing financial accounting, and cost accounting functions of the firm. b. Both the Controller and Treasurer reports directly to the company’s Chief Audit Officer. c. The firm’s Controller manages the firm’s cash and manages key risks. d. Capital budgeting process is under the controller’s responsibility since this process involves potential cash disbursement
- Define the branches of accounting of the following: 1.preparation of general purpose financial statement. Answer:____________ 2.evaluation of the performance of a sales department. Answer:___________ 3.develop standards to address a new business set up. Answer:____________ 4.review tax compliance of the business. Answer:_________ 5.evaluate whether a branch of the business complies with the collection and deposit policy of the company. Answer:_________ 6.review whether the financial statement are presented fairly and in compliance with accounting standards. Answer:_________ 7.report on the spending of government funds. Answer:__________ 8.report on the total cost of materials and labor used in the production. Answer:________ 9.conducting lectures on accounting topics. Answer:___________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 activities is NOT financial management? Question 8 options: Ensuring that a company’s ROA is higher than the cost of financing. Ensuring that all operating managers participate in making investing and financing decisions. Ensuring that a company uses its resources in the most efficient and effective way. Ensuring that a company raises sufficient funds.
- Wellson Ltd. has current assets, including cash, accounts receivable, and inventory, and current liabilities, including accounts payable and short-term notes payable. Wellson manages its working capital by focusing on management of current assets. Wellson has effective systems in place for granting credit to customers, collecting overdue accounts, and managing inventory. (a) Discuss why management of working capital is important for effective business operations. (b) Discuss how Wellson can improve its management of working capitalWhich statement is not correct? A. The primary function of the financial system is to facilitate well the flow of funds in the economy, from those who have surplus funds but can’t utilize them to those who have deficiency of funds but have productive use for the funds. B. The president and the congress sets fiscal policies that are geared towards counteracting excessive spending and borrowing during economic boom and encouraging spending during economic depression. C. Financial Institutions like banks, insurance companies and mutual funds, are entities that receive funds from savers and invest the funds in securities issued by borrowers. D. The Philippines Stock Exchange is the primary capital market of the Philippines where the debt and equity securities of publicly listed corporations are traded. E. none of the aboveB) 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.
- List each of the key financial statements and identify the kinds of information they provide to corporate managers and investors. Estimate a firm’s free cash flow and explain why free cash flow has such an important effect on firm value. Discuss the major features of the federal income tax system.Which of the following statement is required for maintaining Inter-relation with other departments by finance manager? a.He must be well versed in the field of capital budgeting techniques to determine the effective utilization of investment b.He should have sound knowledge not only in finance related area but also well versed in other areas of activity c.He must concentrate to the principles of safety, liquidity and profitability while investing capital d.He is responsible to estimate the financial requirement of the business concernWhich 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.