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Process of Ambiguity - profit maximisation criterion
One practical difficulty with profit maximisation criterion for financial decision making is that term-profit is a vague and ambiguous concept. It has no precise connotation. It is amenable to various interpretations by various people. To illustrate, profit may be long term or short term; it can be total profit or rate of profit; it may be before-tax or before-tax or after-tax; it may be total assets or shareholders equity or return on total capital employed and so on. If profit maximisation is taken to be objectives, the question arises, which of these variable of profit must a firm try to maximise? Apparently, a loose expression like profit of operational criterion for financial management.
How do tax considerations affect the cost of debt and the cost of equity? For the reason that interest on debt is tax deductible to the issuing firm, the higher the tax rate th
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drow decision table of financee managment system
Have the large bank holding companies increased their market share at the expense of smaller institutions? A: No. A study conducted by the Federal Reserve Bank of New York reve
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How is finance related to the disciplines of accounting and economics? Financial management is fundamentally a combination of economics and accounting. First financial managers
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