BUS 201 Lecture Notes - Lecture 15: Cash Flow, Mutual Fund
14 Jan 2016
School
Department
Course
Professor
Document Summary
Recently started to be used in hockey to measure player"s wages. Single analytic initiative, common leadership, common technology. Focus on competitive strategy (channel resources and initiatives to. Financial managers: plan and control the acquisition and dispersal of the company"s financial assets. Finance involves 4 responsibilities: determining a firm"s long term investment, obtaining funds to pay for those investments, conducting the firm"s everyday financial activities, managing the risks that a firm takes. Financial managers objective is to increase a firm"s value and stockholder"s wealth. They do many specific things to increase a firm"s value: collect funds, pay debts, establish trade credit, obtain loans, control cash balances, and plan for future financial needs. Must ensure company"s revenue exceeds its cost (earns profit) Cash flow management: managing the pattern in which cash flows into the firm in the form of revenues and out of the firm in the forms of debt payments.
