Define and discuss each of the following by providing at least 2 practical examples:
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Define and discuss each of the following by providing at least 2 practical examples:
1. Limited
2. A friend asked you to reveal important financial information of the company, being a finance manager of the company what would you do? Justify by considering ethics in finance.
3. Describe mechanisms that motivate managers to act in stockholders’ best interests, and to overcome agency problem?
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- Question: Define and discuss each of the following by providing at least 2 practical examples: Limited Partnership; Limited Liability partnership; Professional corporation? A friend asked you to reveal important financial information of the company, being a finance manager of the company what would you do? Justify by considering ethics in finance. Describe mechanisms that motivate managers to act in stockholders’ best interests, and to overcome agency problem?Question 1: Define and discuss each of the following by providing at least 2 practical examples: a) Limited Partnership; Limited Liability partnership; Professional corporation? b) A friend asked you to reveal important financial information of the company,being a finance manager of the company what would you do? Justify by considering ethics in finance. c) Describemechanisms that motivate managers to act in stockholders’ best interests, and to overcome agency problem?Direction: Answer comprehensively the following questions. 1. Explain the shareholder wealth maximization goal of the firm and how it can be measured. Make an argument for why it is better goal than maximizing profit. 2. What conflicts of interest can arise between managers and stockholders? 3. Name and describe as many stockholders as you can. 4. State the kinds of assurances that investors and creditors seek from a firm. 5. What are the three types of financial management decisions? For each type of decision, give an example of a business transaction that would be relevant.
- Divide into groups as instructed by your professor and discuss the following:a. How does the description of accounting as the “language of business” relate to accounting asbeing useful for investors and creditors?b. Explain how the decisions you would make might differ if you were an external investor or amember of an enterprise’s management team.The person MOST likely to use management accounting information is a: Select one: O a. banker evaluating a credit application. Ob. shareholder evaluating a stock investment. Oc assembly department supervisor. Od. governmental taxing authority.Briefly explain the overall objective of a financial manager. Include in your response any one of the three fundamental decisions a financial manager would be faced with. You may want to refer to the fundamental accounting equation in your response.
- Identify the following users as either External users or Internal users. a. Chief Executive Officer (CEO) b. Service managers c. District attorney d. Shareholders e. Lenders f. FBI and IRS g. Consumer group h. Creditors i. Regulators j. Nonprofit donor k. Voters 1. Government officialsWhat are Generally Accepted Accounting Principles? Multiple choice question. Regulations designed to promote strong ethical conduct. Regulations companies must follow in order to be publicly traded. Minimum requirements for becoming a CPA. The concepts and rules that govern financial accounting practice.Describe the following stakeholders’ objectives and what a financial managerneeds to be mindful of when considering their influence on the business.Q.1.2.2 Employees
- III. TRUE OR FALSE: Write AROHA if the idea being expressed is CORRECT, and ASTRO, if otherwise. Write your answer in the blank after the number. 1.Corporate Government deals with the set of rules that an entity observes when conducting business. 2. Good Corporate Governance provides stakeholders with information on how executives or management run the business and who is accountable for important decisions. 3.Thrift Banks accept the savings of individuals and lend pooled savings to individuals primarily in the form of mortgage loans. 4. Financial Management, this area focuses on the decisions made by businesses and individuals as they choose securities for their investment portfolios. 5. Financial Institutions it involves financial planning, asset management, and the decisions to increases the value of the stakeholders. 6. Rural and Corporate banks represent the more popular type of banks in the rural communities. 7. Mail Float is the time delay between when payment is placed in the…20)Which of the following is the best definition of an internal user of accounting information? A) Creditors, such as banks, that use accounting information to evaluate the risk of lending money B) Investors who use accounting information to decide whether to buy or sell stock C) Managers who use accounting information to plan, organize, and run a business D) Labor unions who use accounting information to examine the ability of the company to pay increased wages and benefitsWhat are the three important questions that are usually considered by a financial manager of a listed company? Elaborate on each of the questions and provide a real-life example of each. Why does the corporate form of business organization superior when it comes to raising cash and corporate governance? What is an agency problem? What is the major reason that an agency relationship exists in a corporate form of business organization? In this context, what kind of problem can arise? Describe two means to reduce the agency problem in a corporate entity. Draw a diagram to indicate the interplay between corporations and financial markets. Using the diagram drawn, trace (describe) the passage of cash from the financial markets to the firms and from the firms back to the financial markets. Financial markets function as both primary and secondary markets for debt and equity securities. Differentiate between the two markets in terms of the transfer of cash and the types of securities traded in…