Answer the following questions:

Why should everyone have a basic understanding of finance regardless of their career?

What are the responsibilities of the 'finance department' of an organization? How is this function different than 'accounting?'

What should be management's primary goal from a finance perspective? How is this goal accomplished?

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Keith LeannonLv2

26 Jul 2018

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Marty Kimble, who âretiredâ many years ago after winning a huge lottery jackpot, wants to start a new company that will sell authentic sports memorabilia. He plans to name the company Pro Athlete Remembrances, or PAR for short. Marty is still in the planning stages, so he has a few questions about how PAR should be organized when he starts the business and what he should do if the company becomes very successful in the future. Marty has little knowledge of finance concepts. To answer his questions and learn more about finance in general, Mr. Kimble has hired Sunshine Business Consultants (SBC). Assume that you are a new employee of SBC and your boss has asked you to answer the following questions for Mr. Kimble. What is finance? Why is the finance function important to the success of a business? Why is it important for persons who work in other areas in a business to have an understanding of finance? Do you think it is more important for Marty Kimble to have a basic understanding of all the areas in a business than a person who works for a large national corporation? What are the alternative forms of business organization? What are the advantages and disadvantages of each? What form of business organization do you recommend that Mr. Kimble use when starting PAR? Why? Assume that PAR is organized as a proprietorship when it starts business. If PAR becomes extremely successful and grows substantially, would you recommend that Mr. Kimble change the business organization to either a partnership or a corporation?

you are working for a finance firm and a client comes to you and wants to know how much money they should put into an annuity( earning 2.62% interest compounded quarterly) at the end of each three months for the next 45 years. their goal is that whn they retire at the end of 45 years, they would like the quarterly withdrawls from the annuity to total $66,000 per year and that the annuity is to last for the next 23 years. You are to determine the amount which your cleint needs to deposit into the annutiy at the end of each three months for the next 45 years so the they can meet their retirement goal. Do the following:

a) Show all your work that you used to answer this problem. label the steps and important values as you solve the problem. Note that when you use the TVM solver, show all the variables and the values you entered(into the variables) AND SOLVED FOR.

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Assume that you recently graduated and have just reported towork as an investment advisor at the brokerage firm of Balik andKiefer Inc. One of the firmâs clients is Michelle DellaTorre, aprofessional tennis player who has just come to the United Statesfrom Chile. DellaTorre is a highly ranked tennis player who wouldlike to start a company to produce and market apparel she designs.She also expects to invest substantial amounts of money throughBalik and Kiefer. DellaTorre is very bright, and she would like tounderstand in general terms what will happen to her money. Yourboss has developed the following set of questions you must answerto explain the U.S. financial system to DellaTorre.

A. Why is corporate finance important to all managers?

B. Describe the organizational forms a company might have as itevolves from a start-up to a major corporation. List the advantagesand disadvantages of each form.

C. How do corporations go public and continue to grow? What areagency problems? What is corporate governance?

D. What should be the primary objective of managers?

1. Do firms have any responsibilities to society at large?

2. Is stock price maximization good or bad for society?

3. Should firms behave ethically?

Please don't copy from other sources. Thank you.