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Financial management is that division of managerial process which is concerned with the planning and controlling of firm's financial resources. It is concerned with the procurement of funds from most suitable sources and making the most efficient use of such funds. In the earlier stages financial management was a branch of economics and as a separate subject it is of recent origin. The subject is of enormous importance to the managers for the reason that among the most crucial decisions of the firm are those which relate to finance.
Social responsibility The firm must decide whether to operate strictly in their shareholders' best interests or be responsible to their employers, their customers, and the soc
Repurchase agreement is a contract wherein the seller of a security agrees to buy back the same security from the purchaser at a specified price and time. It is also
Determine Net present value according to Ezra Solomon " The gross present worth of a course of action is equal to the capitalised value of the flow of future expected benefit,
The production department in any firm is concerned with provision of production facilities, production cycle, skilled and unskilled labor, storage of finished goods, capacity utili
Objectives of financial services authority FSMA provides four statutory objectives to FSA. They are: Market Confidence: Maintaining confidence in the financial system;
Ask questionSally Thomson #Minimum 100 words accepted#
The payments on GPMs unlike the payments on traditional mortgages are not equal. The payments under GPMs start at a relatively low level and rise for a specified
Sunk Cost This is a cost which has already been incurred and cannot be affected through present or future decisions.
a) The combined two-firm concentration ratio of Motorola (approximately 17.5%) and Nokia (35%) is around 52.5% of the market. b) Up to 2 marks for correct definition: Market sha
explain participating budgeting and slow budgeting.
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