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DEFINITION OF FINANCIAL MANAGEMENT
The term financial management has been described by management experts in several ways reflecting the duties and responsibilities of a finance manager over the years. Some of the popular definitions are as follows -
Explain about the International Finance When money crosses international boundaries businesses,individualsand governments should deal with special kinds of problems. Every c
Q. What is Unsystematic Risks? Unsystematic Risks stems from a managerial inefficiency, technological change in the production process, availability of raw material, changes in
Big Joe's is changing a piece of equipment. The equipment will cost $5,000 and has a 5 year life. The equipment can be leased for annual payment of $1,295 paid at the starting of
London Interbank Offered Rate (LIBOR) This is the base lending rate which is charged by banks in the London Eurocurrency market. LIBOR is the European equivalent of the U.S. pr
Unity of Command Unity of command is the principle in which each subordinate should be responsible to only one manager.
How has the merger activity in the past decade affected the concentration of assets in the banking industry? A: Over the last decade, some commercial banks declined by twenty-o
Financial intermediaries Financial intermediaries are significant to the efficient functioning of the financial markets as they act to bring the borrowers/companies and lenders
What is the meaning of Breakeven point?
Determine the name of some profit margin ratios Other profit margin ratios can also be computed: Gross profit/ turnover Profit after tax/ turnover Advertising co
How does accounts receivable factoring work? What are the benefits to the two parties involved? What are the risks? Factoring is when one firm trade accounts receivable (AR)
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