Which is NOT the primary concem of the financial manager? A Raising funds for the firm to finance its assets in the best possible B. Determining how much debt funds to be employed by the firm. C. Seeing that the financial statements of the firm are properly presented. D. Finding the right proportion of investment in long-term assets. way.

Which is NOT the primary concem of the financial manager? A Raising funds for the firm to finance its assets in the best possible B. Determining how much debt funds to be employed by the firm. C. Seeing that the financial statements of the firm are properly presented. D. Finding the right proportion of investment in long-term assets. way.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 3TP: Consider the dilemma you might someday face if you are the chief financial officer of a company that...

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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?
Which 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 capital
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.
Which of the following statements is true? a. Determining how day-to-day financial matters should be managed is not a function of financial managers. B. The goal of the firm is to maximize market share. C. Working capital management refers to identifying productive long-term assets the firm could acquire to maximize net benefits. D. Capital budgeting refers to identifying productive long-term assets the firm could acquire to maximize net benefits.
Indicate whether the following statements are (True) or (False) and correct the false statements: Accounting is concerned with the process institutions, markets, and instruments involved in the transfer of money among and between individuals, businesses and government Financial services are concerned with the duties of the financial manager. The corporate controller is the officer responsible for the firm's financial activities such as financial planning and fund raising. Profit maximization is the main goal of a business organization. (True) 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. Primary and secondary markets are markets for short-term and long-term securities, respectively. Public offering is the sale of a new security issue, typically bonds or preferred stock, directly to an…
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
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 fromsales
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 concern
Financial management involves: a. managing accounts receivable in the short-run and financing long-term projects in the long-run. b. preparing external financial documents and verifying their accuracy to the public. c. optimizing inventory and selling owner equity in the short-run. d. planning for capital projects in the short-run and managing cash flow in the long-run.
Quinton, a financial manager, is responsible for all of the following except _____. Question 28 options: A) obtaining funds to pay for the company's investments B) conducting the company's everyday financial activities C) developing the company's financial statements D) managing the financial risks that the company takes E) determining the company's long-term investments
1. What is a Working capital management?a. It is the placement of the firm’s debt and equity issues.b. It is the financing and management of the firm’s current assets.c . It is also known as inventory management .d. It is the management of the firm’s capital assets. 2. What is the transactional motive of holding cash?a. To keep a cash reserve for purchasing goods and services to balance out the cash inflows and outflows.b. To keep the cash for all the transactions made during a periodic term.c. To keep the cash for transactions mandatory for day to day activities. d. To keep the transactions for foreign trading.3. Below are all components of working capital except:a. Cash c. Marketable Securities b. Inventories d. Notes Payable 4. In what order will a company’s current assets appear on a classified balance sheet?a. Alphabetical order c. From largest to smallest amountb. Company’s choice d. Order of Liquidity 5. Which of the following would not be important in examining the firm's…