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What are the Weaknesses of the traditional approach
The traditional approach to the scope of finance function evolved during 1920s and 1930s and dominated academic during 40's and through the early fifties. It has now been discarded as it suffers from serious limitations. Weaknesses of the traditional approach fall into two wide categories:
(i) those relating to the treatment of different topics and emphasis attached to them; and
(ii) those relating to the basic conceptual and analytical framework of the definitions and scope of the finance function.
Classification of finance and abrief description of each source of fund
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Q. Criticism of Wealth Maximization? i) The objective of wealth maximization is not, necessarily, socially desirable. ii) There is some controversy whether the objective of
Accrued Payroll was $10,000 and $15,000 at the beginning and end of 20X4, respectively. The payroll expense for 20X4 totaled $520,000. Cash outflow for payroll during 20X4 totaled:
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If firm A has a higher debt-to-equity ratio than firm B then that means what
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This is the part of after-tax personal income that is not spent.
Explain how a firm determines the optimal level of current assets. The best possible level of working capital is determined by finding the amount that balances the need for liq
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