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Define the meaning of objective - financial management
The term objectives offers a normative framework. That is the focus in financial literature is on what a firm must try to achieve and on policies that must be followed if certain goals are to be achieve. Implication is that these aren't necessarily followed by firms in actual practice. They are rather used to serve as a basis for theoretical analysis and don't reflect contemporary empirical industry practices.
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PC Shopping Network may upgrade its modem pool. It last upgraded 2 years ago, when it spent $115 million on equipment with a life of 5 years and a salvage value of $15 million. The
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Source documents of an accounting system: Source documents are those documents that identify the particular transaction that is being recorded. They act as an internal control
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