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Q. Define Finance Function and discuss its nature and scope
Ans. Meaning of Finance: - Finance is defined as the provision of funds at the time when it is required. The role of funding in business enterprise requires no emphasis. Each enterprise whether big or small requires finance to carry on and expand its operations. Finance embraces the key to all the business activities and a firm's success and in fact its survival is dependent upon how resourcefully it is able to acquire and utilize the funds.
Meaning of Financial Management: - Financial management is a very important and an integral part of business management. It refers to that division of managerial activity which is concerned with planning and controlling of financial resources of the enterprise. It deals with increasing finance for the enterprise and the efficient utilization of such finance.
Definition of Financial Management: - According to Joseph L. Massie 'Financial management is the functioning activity of a business that is responsible for obtaining and effectively utilizing the funds necessary for efficient operations.'
A campany estimate a cash requirment of 900000 the opportunity interst eate is 9% per anual the transaction cost for borrowing or withdrawing fund is 264.5
Explain how the premium and discount are determined while assets are PTM (priced-to-market). When would the law of one price prevail in international capital markets although if fo
In 1952, to provide equilibrium between assets and liabilities of insurance companies, Frank Redington, an English actuary, proposed interest rate immunization te
YT is the Finance Manager of SBM Magazine Publishing Company. He has recently had his appraisal and was expecting that he would get a excellent review, as he felt that he had met a
a) Year 2 Current Ratio = 700 / 300 = 2.33 : 1 Year 1 Current Ratio = 500 / 200 = 2.5 : 1 Year 2 Acid Test = (700 - 350) / 300 = 1.17 : 1 Year 1 Acid Test = (500 - 250) / 200 =
We can measure the portfolio duration by calculating the weighted average of the duration of the bonds in the portfolio. The proportion of the portfolio that a se
How does the market determine the fair value of a bond? The bond’s fair value is the present value of the bond's coupon interest payments plus the present value of the face value
Q. What is Emerging Issues Task Force? Emerging Issues Task Force (EITF) - Assists FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) and provides guidance on early identification of
We can measure the convexity with the help of following formula: ...Eq. (4) Where, Δ
Control ratios: Three important ratios are usually used by the management to find out whether the variations from budgeted results are unfavorable or favorable. These ratios are
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