Managerial Finance ________

question 8

Multiple Choice

Managerial finance ________.

• A) involves tasks such as budgeting, financial forecasting, cash management, and funds procurement
• B) involves the design and delivery of advice and financial products
• C) recognizes funds on an accrual basis
• D) devotes the majority of its attention to the collection and presentation of financial data

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Definitions:

Net Income

The total profit of a company after all expenses, including taxes and operational costs, have been subtracted from its total revenue.

Cost of Goods Sold

Direct spending associated with producing the merchandise a company trades, including both materials and manpower costs.

Worksheet

A columnar device used by accountants to aid them in completing the accounting cycle—often just referred to as "spreadsheet." It is not a formal report.

Revenue

The total income received by a company from its normal business activities, before any expenses are subtracted.