answersLogoWhite

0


Best Answer

The funds of the company are what keeps the company running. Thus if the funds available are not properly utilized (proper investments, everyday expenditure, etc.) the company could head to a financial crisis. Therefore it is essential to manage the funds properly to ensure the survival and competitiveness of the firm.

User Avatar

Wiki User

2007-05-17 12:03:35
This answer is:
User Avatar
Study guides

Mutual Funds

25 cards

What is the implication of political budgeting to national budgeting

The steps involved in the certification process for a Certifying Officer include

The financial management board fmb and the financial working group fwg implement a quarterly phased plan that allows the fma office to distribute funds to

What takes a place when developing alternatives

➡️
See all cards
No Reviews

Add your answer:

Earn +20 pts
Q: What is the need of managing funds in a company?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the highest level of accounting classification necessary for managing funds but has no funds loaded?

Control summary records (CSRs)


Closeout procedures that include managing air force funds are what?

All of the above


What do the company Managing Innovation do?

The company Managing Innovation does many things. Examples of things that the company Managing Innovation does includes helping companies perform their jobs in a more effective fashion and reconstructing technologies.


What is MD in a company?

Managing Director.


Who is responsible for managing and maintaining the Leaning Tower of Pisa?

unesco is responsible for managing the leaning tower of Pisa also the government is to because it gives funds to it.


What jobs does a managing director do?

Managing director or MD is usally the owner or boss of the company


Who was the managing director of the company that built the Titanic?

The company that BUILT Titanic was Harland & Wolff - but the managing director of the company that OWNED her (The White Star Line) was Bruce Ismay.


What is the first definition of finance?

is just finding sources and uses of funds, as well as managing risk


What is fixed and working capital?

Fixed capital is something that is need for long term ...working capital is the capital or funds for managing and carrying out day to day operations. Apart from this a important point to note is that usually fixed assets or long term assets of the company are bought from fixed capital. Buying short term current assets from funds for long term would be illogical.


How would required new funds change if a company were at full capcaity?

i need to know that answer too. please, someone knows? and how do u calculate required new funds RNF?


How much does a director of a company get?

This depends very much on the size of the company. You can be a managing director of your own company that just employs you, so not as much pay as, say, the managing director of ICI.


How do you get funds for from investors for your company?

There are many ways to get funds from investors for your company. It may be easier if you are friends with investors, however writing letters and meeting with investors will be the best way to get funds.

People also asked