Question- In a large corporation, the financial manager is primarily responsible for: Show Get answer to your question and much more Question- In large firms, financial activity is usually associated with which top officer? Get answer to your question and much more Question- Which corporate officer is responsible for accurate financial reporting of the firm’sactivities? Get answer to your question and much more Question- A treasurer’s responsibilities typically include: Get answer to your question and much more Question- Capital budgeting is concerned with planning and managing a firm’s_____. Get answer to your question and much more Question- Which term applies to the mixture of debt and equity maintained by a firm? Get answer to your question and much more Question- Which of the following is included in working capital? Get answer to your question and much more Question- A corporation receives cash from financial markets by selling ____ and _____. Get answer to your question and much more Question- In financial markets, debt and ______ securities are bought and sold. Get answer to your question and much more Cash Manager, Credit Manager, Capital Expenditures, Financial Planning Tax Manager, Cost Accounting Manager, Financial Accounting Manager, Information Technology Manager Which planning function is usually part of the treasurer's responsibility in a corporation? Typically falls under the controller The decision to begin development of a new product Questions related to long-term investments of the firm such as developing a new product are typically part of the capital budgeting process Deciding whether or not to extend credit to a new customer Is NOT considered a capital structure decision. Capital structure decisions are part of the financial planning function and include how much the firm should borrow and which sources of funding should be used. Deciding whether or not to extend credit to a new customer Is NOT considered part of the financial planning process in a firm Whether or not to issue credit to a new customer Does not fall under capital budgeting function. Credit decisions are part of working capital management as they do not relate to long term financing Sole Proprietorship or Partnership Simple and inexpensive to establish, Least regulated, Unlimited liability for owners, Limited life, Difficult to transfer ownership, Typically a small number of owners Complex and costly to establish, Limited liability for owners, Highly regulated, Double taxation of profits, Unlimited life, Ease of ownership transfer, A legal resident of a state. A disadvantage of a sole proprietorship Ease of ownership transfer A advantage of a sole proprietorship Double taxation of profits A disadvantage of a corporation Relatively easy to establish An advantage of a corporation Exists as a separate entity from the owners A disadvantage of a partnership Ease of ownership transfer An advantage of a partnership Complicated and costly to establish Which of the following actions by financial manger is most apt to create an agency problem? Increasing current profits when doing so lowers the value of the firm's equity A firm which opts to "go dark" in response to the Sarbanes-Oxley Act Can provide less information to its shareholders than it did prior to "going dark" Sally and Alicia currently are general partners in a business located in Atlanta, GA. They are content with their current tax situation but are both very uncomfortable with the unlimited liability to which they are each subjected. Which form of business equity should they consider to replace their general partnership assuming they wish to remain the only two owners of their business? Whichever organization they select, they wish to be treated equally. Limited Liability Company, LLC Why should financial managers strive to maximize the current value per share of the existing stock? Because they have been hired to represent the interests of the current shareholders Both sole proprietorship and partnership income is taxed as individual income Which of the following are results related to the enactment of the Sarbanes - Oxley Act of 2007? I and III only, Increase foreign stock exact angle listings of US stocks, and Increase privatization of public corporations Decisions made by financial managers should primarily focus on increasing Market value per share of outstanding stock The articles of incorporation: I and III only, describe the purpose of the firm, and set forth the number of shares of stock that can be issued. Some large companies are listed on NASDAQ This is generally correct Auction markets match buy and sell orders Sam, Alfredo, and Juan want to start a small US business. Juan will fund the venture but want to limit his liability to his initial investment and no interest in the daily operations. Sam will continue to contribute his full efforts on a daily basis but has limited funds to invest in the business. Alfredo will be involved as an active consultant and manager and will also contribute funds. Sam and Alfredo are willing to accept liability for the firm's debts as they feel they have nothing to lose by doing so. All three individuals will share in the firm's profits a Dana wish to keep the initial organizational costs of the business to a minimum. Which form of business entity should these individuals adopt? This is least likely to be an agency problem Increasing the market value of the firm's shares This characteristic applies to a limited liability company Taxed similar to a partnership Cop orations can raise large amounts of capital generally easier than partnerships can The listing requirements for the NYSE are more stringent than those of NASDAQ Shareholder A sold share of Maplewood Cabinets stock to Shareholder B. The stock is listed on the NYSE. This trade occurred in? Secondary, auction market Some of the cash flow generated by a firm goes back to the financial markets in the form of Dividends and debt payments A good financial decision will Increase the value of the firm's existing stock, and increase market value of the shareholders' equity The controller is responsible for Tax reporting, and financial accounting The owners of a corporation are called ________Budgeting is the process of making and managing expenditures on long-term assets True of sole proprietorship It is one of the simplest types of businesses to form, a proprietorship has a limited life A business without separate legal authority formed by two or more people is known as Which corporate office is responsible for accurate financial accounting of the firm's activities? The most important questions to be asked when a business is started
How will everyday financial activities be handled, What long-term investments should be made, and Where will long-term financing be obtained to pay for investments Net working capital is defined as current assets minus current A corporation receives cash from financial markets by selling When one owner or creditor sells to another, the transaction takes place in the _______________market The Sarbanes-Oxley Act requires corporate officers to Confirm the validity of the annual financial report, List any deficiencies in internal controls, and Accept responsibility for material errors in the annual report If you hire a real estate company to sell your house, you are most apt to encounter Possible financial goals of a company? Survival, Minimize costs, Maximize profits In a shareholder-manger relationship, who is the agent? This can be used to encourage managers to act in the best interests of the shareholders Stock options and bonuses, The threat of termination, Managerial compensation tied to performance How is ownership transferred in a corporation? Ownership is transferred by gifting or selling share of stock These are important when considering a partnership. Personal liability for firm debts, Fund raising limitations, Taxation of partnership income. Businesses are motivated to organize as corporations because stockholders in a corporation have __________liability for corporate debt Generally report to the chief financial officer (CFO) General partnership has these characteristics. Each owner has unlimited liability for all firm debts, it is difficult to transfer ownership The party that is the last to receive payment if a firm were to close Main goal of financial management? To maximize shareholder wealth Two basic classifications under which most potential financial goals fall Controlling risk, and Earning or increasing profits The cost incurred due to conflict of interest between stockholders and management are called The rules used by a corporation to regulate its existence are known as Why a corporation is the most important form of business Corporations can enter into contracts, a corporation is a separate legal entity with the ability to acquire and exchange property, Corporations can sue and be sued. A __________is someone other than an owner or a creditor who potentially has claim of the cash flows of a firm In a limited partnership, a limited partner's liability for business debts is Limited to their cash contribution to the partnership The Federal Government taxes Corporate earnings, and Shareholder dividends A good financial decision will Increase the value of the firm's existing stock, increase the market value of the shareholders' equity The controller is responsible for Financial accounting, and tax reporting and payments A limited liabilities company's owners have An organization must prepare _______ and bylaws when forming a corporation Articles of incorporation Included in a firm's capital structure Equity and Long-term debt
Non-owner stakeholders in a company Employees, government, and suppliers When one owner or creditor sells to another, the transaction takes place in the _________ market A bad financial decision is defined as a decision that __________owner's equity When a corporation is formed, it is granted The ability to issue stock, Legal powers to sue, State citizenship for jurisdictional purposes A Sole Proprietorship is a business owned by ______ person(s) Applies to the mixture of debt and equity maintained by a firm Shareholders are the ONLY stakeholders in a firm as they are the owners The life of a corporation A corporation is a distinct ____________ entity and as such can have a name and take advantage of the legal powers of natural persons A treasurer's responsibilities typically include Making financial plans, handling cash flows, managing capital expenditures Because shareholders get paid last after all other obligations are satisfied, they are often called: These companies were involved in corporate scandals that led to Sarbanes-Oxley Corporations in other countries are often called: Public limited companies, Limited liability company, or joint stock companies The officer responsible for managing the firm's cash flows is the The Sarbanes-Oxley Act provides incentives for companies to go public in US markets A shareholders liability is limited to The amount the shareholder invested in the corporation Primary purpose of awarding stock options to managers To give managers the incentive to pursue shareholders' goals, such as, increasing shareholder value An important mechanism used by unhappy stockholders to replace current managment Since ownership in a corporation can be dispersed over a huge number of stockholders, it can be argued that _______ effectively controls the firm Which corporate officer is responsible for accurate financial?The role of a CFO is similar to a treasurer or controller because they are responsible for managing the finance and accounting divisions and for ensuring that the company's financial reports are accurate and completed in a timely manner.
Which corporate officer is responsible for the accounting function of a firm?A chief accounting officer, sometimes referred to as a vice president of accounting, is a senior executive who manages all accounting functions in an organization. They hold top-level responsibility for the effective operation of accounting, from precise bookkeeping to tax and regulatory compliance.
Which of the followings is the main management function of corporate finance?The main role of corporate finance is to make decisions related to capital investment and capital financing. For the capital investment role, it consists of making decisions that relate to the allocation of long-term capital assets in a way to maximize shareholders wealth with calculated risks.
Which of the following tasks is the controller of a company responsible for?A controller is an individual who has responsibility for all accounting-related activities, including high-level accounting, managerial accounting, and finance activities, within a company.
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Which corporate officer is responsible for accurate financial reporting of the firms activities?
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