ASSIGNMENT BMMF5103 MANAGERIAL FINANCE 15 July 2013 QUESTION 1 a) Maximizing shareholder wealth is a “moral imperative” for financial manager means managers are supposed to work for shareholders who are the actual owners of a company or corporation. Shareholders elect company directors who in turn hire managers to run the company on day to day basis with the view to make profit for the company. Managers are paid for their services rendered to
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Managerial Finance – Problem Review Set – Dividends Policy 1) If a firm adopts a residual distribution policy‚ distributions are determined as a residual after funding the capital budget. Therefore‚ the better the firm’s investment opportunities‚ the lower its payout ratio should be. a. True b. False 2) Even if a stock split has no information content‚ and even if the dividend per share adjusted for the split is not increased‚ there can still be a real benefit (i.e.‚ a higher value
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also helps them to use various procedures and techniques. The low-level managers require more technical skills. This is because they are incharge of the actual operations. Apart from Prof. Daniel Katz’s three managerial skills‚ a manager also needs (requires) following additional managerial skills. 4. Communication Skills Communication skills are required equally at all three levels of management. A manager must be able to communicate the plans and policies to the workers. Similarly‚ he
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I would like to introduce myself; I am William Lloyd Garrison‚ born in Newburyport‚ Massachusetts on December 10‚ 1805. I was raised in a single parent home with my mother‚ who worked incredibly hard to support three children‚ as well as being a very spiritual woman (William Lloyd Garrison‚ 2004) (Garrison‚ 2004). Growing up as a child‚ I set certain ambition and goals for myself to accomplish in life. With hard work and tenacity‚ I was able to become a journalist‚ an editor of Liberator‚ which
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In his fight against slavery‚ William Lloyd Garrison said: “To kidnap children on the coast of Africa is a horrid crime‚ deservedly punishable with death; but he who steals them‚ in this country‚ as soon as they are born‚ performs not merely an innocent but a praiseworthy act.” Garrison made a very true and firm argument toward slavery and he was determined to the immediate change of abolition. William Lloyd Garrison worked hard for economic gain‚ learned journalism through various printing‚ co-edited
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“Williams Garrison was born on December 10‚ 1805. He was born in Newburyport‚ Massachusetts” (Ehrlich Eugene and Gorton Carruth‚ 2010) He was raised in poverty‚ after his father deserted his three children. “He was later apprenticed to a shoemaker‚ a cabinetmaker‚ and finally to the printer and editor of the Newburyport Herald. He worked as a printer in Boston and in 1827 helped edit a temperance paper‚ the National Philanthropist. Some people believed slavery should be abolished gradually‚ some
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Brittney Henley Pd. 2A Chapter 12: Age of Religious Wars Key Topics; -War between Calvinists and Catholics in France. -The Spanish occupation of the Netherlands. -Struggle for supremacy between England and Spain. -The devastation of Central Europe during the Thirty Years’ War. |Vocabulary |Notes | | |
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=GH¢ 60‚000 (Implicit cost) TOTAL ECONOMIC COST =Total explicit cost +Total Implicit cost =1‚586‚000 + 60‚000 =GH¢1‚646‚000 B. ACCOUNTING PROFIT The Accountant takes into consideration explicit costs but does not take into consideration implicit costs: PROFIT=TOTAL REVENUE- TOTAL COST Total Revenue=GH¢1‚940‚000 Total Explicit cost=GH¢1‚586‚000 Accounting profit=Total Revenue - Total Explicit cost =1‚940‚000- 1‚586‚000 =GH¢ 354‚000 C. ECONOMIC PROFIT The Economist takes into consideration
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Managerial Economics Meaning: - Managerial Economics deals with money/income. It helps in decision making regarding sales‚ production‚ and profit. It is a branch of economics that applies microeconomics analysis to decision methods of businesses or other management units. Artha – Money/Income Shasthra – Body of Knowledge Economics – Body of knowledge which deals with the management of money. DEFINITIONS OF MANAGERIAL ECONOMICS • According to
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............................ 2 2.0 MANAGERS………………………………………………………………………….. 2 2.1 Top Level Managers…………………………………………………………… 2 2.2 Middle level Managers………………………………………………………… 2 2.3 Low level Managers or first-line Managers…………………………………… 3 3.0 MANAGERIAL FUNCTIONS………………………………………………………. 3 3.1 Planning……………………………………………………………………….. 4 3.2 Organising……………………………………………………………………… 4 3.3 Leading or Directing…………………………………………………………… 5 3.4 Controlling…………………………………………………………………….. 6 3.5 Staffing…………………………………………………………………………
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