Question

Explain Working Capital Management. Name the two major goals of the firm. Define the 2 functions...

Explain Working Capital Management.

Name the two major goals of the firm.

Define the 2 functions of the financial system.

Homework Answers

Answer #1
  1. Working capital management is a process or set of activities that are performanced by the organizations to ensure the day to day operations of the company. It involves checling for the current assets and the liabilities so as to ascertain the cash availability to meet day to day business expenses.
  2. The first major goal of the firm is to maximize the profit - revenues should exceed the expenses to the maximum extent possible keeping in mind the customers value and shareholders investment. The second major goal is Long term survival- the firm should plan strategically in such a way that they can stay in the market for longer term.
  3. The first function is to ensure liquidity in the system so that the economic activity runs smoothly. The second function is savings and payments function.
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