Question: full answer please part C please (a) One of the most important functions in any company is finance manager. The position not just handling account

full answer please full answer please part C please (a) One of the most important

part C please

(a) One of the most important functions in any company is finance manager. The position not just handling account but it goes far beyond that capacity. In fact, the finance manager is in charge of any financing and accounting function throughout the company Based on that statement above you were required to- i Explain TWO (2) roles of finance manager (6 marks) II. Describe TWO (2) importance of finance manager (6 marks) (b) Explain rationale for selecting 'maximising shareholder's wealth' as the goal of the firm (3 marks) (c) Define the form of businesses: 11 i Sole proprietorship is a form of undertaking owned and operated by one individual and in which the owner and the company entity are not legally different. A single trader does not work "alone" necessary several persons can be employed by one trader. (3 marks) Partnership is a formal agreement to run and manage a firm and share its earnings by two or more persons (3 marks) Company is a legal entity that consists of a group of persons who are engaged and operate a commercial or industrial firm. (3 marks) State TWO (2) advantages and disadvantages of each form of businesses. (6 marks) III (d)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Consider a single neighbourhood in which the housing units might be desirable to two types of individuals called Blues (B) and Greens (G). Suppose that Pg shows the price that Greens would be willing...

QUESTION 1 (30 MARKS) (a) One of the most important functions in any company is finance manager. The position not just handling account but it goes far beyond that capacity. In fact, the finance...

One of the most important functions in any company is finance manager. The position not just handling account but it goes far beyond that capacity. In fact, the finance manager is in charge of any...

THE BRITISH JOURNAL OF CRIMINOLOGY Vol. 17 January 1977 No. 1 NILS CHRISTIE (Oslo) f Abstract CONFLICTS are seen as important elements in society. Highly industrialised societies do not have too much...

In the Intro to Purchasing and Supply Chain reading, Page 6, Figure 1-2, there is a comparison of Traditional Purchasing versus the Current Outlook. Provide three reasons why the Current Outlook is...

Southern Africa Trust: embarking on a sustainability journey Keratiloe Mogotsi, Bhekinkosi Moyo and Angie Urban I n May 2020, working from her home office just over one month into a nationwide...

THE TESTS OF A LEADER | BEST OF HBR 1995 | Editor's Note: Guiding change may be the ultimate test of a leader - no business survives over the long term if it can't reinvent itself. But, human nature...

...Consider a forward start option which, 1 year from today, will give its owner a 1-year European call option with a strike price equal to the stock price at that time. You are given: (i) The...

please answer questions. Problem-solving Case: Motivating Employees at Nucor Corporation Today Nucor Corporation is the largest producer of the industry range of $16 to $21. But on top of steel in...

Which is(are) the LCAO(s) of the third energy level for four atoms A, B, C, and D in a square planar geometry with A and C on the x axis, and B and D on the y axis? The answer you get here may be...

Suppose X has the geometric pmf fx(x) = 1/3 (2/3)x, x = 0,1,2,- Determine the probability distribution of Y = X/(X + 1). Here both X and Y are discrete random variables. To specify the probability...

Which of the following does a firm consider in the choice of securities issued? the tax consequences of the chosen security whether the chosen security will have a fair price in the market the...

The Tennis Shoe Company has concluded that additional equity financing will be needed to expand operations and that the needed funds will be best obtained through a rights offering. It has correctly...