A Financial Manager Is Responsible for ________

question 63

Multiple Choice

A financial manager is responsible for ________.

• A)raising capital for future growth and expansion
• B)setting prices for products
• C)billing customers and paying staff
• D)rating the financial strength of competitors

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Definitions:

Paid-In Capital

The total amount of money that shareholders have invested in a company through the purchase of its stock.

Par Common Stock

The face value of common stock as stated in the corporate charter, which is the minimum amount at which shares can initially be sold.

Par Preferred Stock

A type of preferred stock that is issued at its nominal or face value, and typically has a fixed dividend rate.

Debit to Cash

An accounting entry that increases the cash balance in a company's books.