In general, financial managers are concerned with which of the following?
A) Creating economic wealth
B) Making investment decisions that optimize economic value
C) Making business decisions that optimize economic wealth
D) All of the above
D
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Lee Carter Inc forecast of sales is as follows: July, $50,000; August, $80,000; September, $150,000. Sales are normally 75 percent cash and 25 percent credit. Credit sales are collected in full in the following month. Merchandise cost averages 70 percent of sales price. The company desires an inventory as of September 30 of $50,000. The inventory as of June 30 was $30,000. The accounts receivable
had zero balance on June 30. Total cash receipts for August of Lee Carter will be A) $12,500. B) $60,000. C) $47,500. D) $72,500.
Ethical behavior always pays off financially for businesses
Indicate whether the statement is true or false
________ takes careful preparation and proper presentation of arguments and supporting evidence in an appropriate and compelling way.
A. Projection B. Persuasion C. Reciprocation D. Coercion
The total of all outputs produced by the transformation process divided by the total of the inputs is
A) utilization B) greater in manufacturing than in services C) defined only for manufacturing firms D) multifactor productivity E) none of the above