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What are the Objectives or goals of Financial Management?
Objectives of Financial Management: - It is the responsibility of the top management to lay down the objectives or goals which are to be achieved by the business.
The major objectives are:
1. Profit Maximization: - According to this schema all activities which increase profits must be undertaken and which decrease profits should be avoided. Profit maximization entail that the financial decision making must be guided by only one test which is select those assets projects and decisions which are profitable and reject those which aren't.
Q. Traditional Approach of Financial Management? Traditional Approach: - Under this schema the role of financial management was limited to the procurement of funds on suitable
Third Inc. wishes to issue a perpetual callable bond. The current interest rate is 6%. Next year, there is a 30% chance that the interest rate will be 4.5% and a 70% chance that th
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Cash flows from financing activities: Items included in this heading are: Cash receipts Cash payments Cash receipts from iss
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A friend is looking for advice on one of his investments, KER. KER manufactures stationery supplies, the entity appointed a new Chairman in 2008 and since then has been executed an
discuss the applicability of the operational cycle in vegetable growing business in uganda
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