They prepare all the reports including investment plans and strategies for the long-term achievements of their business organizations. So we can conclude that financial management is very vital for any start-up business to plan, organize, operate, control and monitor financial resources for achieving the ultimate goals as well as objectives.
Give an explanation for your answer. The Stewart Company has $2,392,500 in current assets and$1,076,625 in current liabilities. Its initial inventory level is $526,350, and it will raise funds as additional notes payable and use them to increase inventory.
a. In most corporations, the CFO ranks above the CEO. b. The CFO generally reports to the firm's chief accounting officer, who is normally the controller. c. By law in most states, the chairman of the board must also be the CEO. d. The board of directors is the highest-ranking body in a corporation, and the chairman of the board is the highest-ranking individual.
Long Term Financing As the name suggests, Long term financing is a form of financing that is provided for a period of more than a year. Long term financing services are provided to those business entities that face a shortage of capital.There are various long term sources of finance. It is different from short term financing which is normally used to provide money that has to be …
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