Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the need for financial management. financial manag

The Need for Financial Management. Financial management - all the activities concemed with obtaining money...

60.1K

Verified Solution

Question

Accounting

image
The Need for Financial Management. Financial management - all the activities concemed with obtaining money and using effectively Decide whether the following statements about Financial management are correct or incorrect. State you answer as follows: A-Correct, B=Correct, CuIncorrect etc. No. Statement Correct/incorrect 1 Funds are available when needed now but not in the future, obtained at the lowest possible cost, and used as efficiently as possible, 2 Financing priorities are established in line with organizational goals and objectives. 3 Spending is planned and controlled 4 A firm's credit customers pay their bills on time, and the number of past due accounts is increased 5 Bills are paid promptly to protect the firm's credit rating and its ability to borrow money 6 The funds required for paying the firm's taxes are available when needed to meet tax deadlines 7 Excess cash is invested in certificates of deposit (CDs), government securities, or conservative, marketable securities

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students