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Business Finance

Business finance deals with financial decisions that a business entity makes, as well as the tools and analysis used to make these decisions. Its primary goal is to maximize business value while managing the company’s financial risks.

500 Questions

Budgeting is an instrument of planning as well as a tool of coordination and control?

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When doing your personal monthly budget follow the 50/30/ 20 rule and pay yourself first!

This can make you richer if you follow the discipline.

Visit the micro learning videos on YT channel: @fintips.melnic

Budgeting is the one of the main tool to control the cost?

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Asked by Wiki User

When doing your personal monthly budget follow the 50/30/ 20 rule and pay yourself first!

This can make you richer if you follow the discipline.

Visit the micro learning videos on YT channel: @fintips.melnic

Differences between operational risk and financial risk?

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Asked by Wiki User

Operational risk:

Operational risk is usually caused by four different avenues: people, processes, systems, or external events. For many aspects of operational risk, companies must simply try to mitigate the risk within each category as best as possible with the understanding that some operational risk will likely always be present.

Financial risk:

A company's financial risk is related to the company's use of financial leverage and debt financing. It is concerned with a company's ability to generate sufficient cash flow to be able to make interest payments on financing or meet other debt-related obligations.

What is global payments process?

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Global payment processing is the transfer of funds between businesses and entities, such as suppliers, vendors, or employees, whose bank accounts are located in foreign countries. This process is done by using a global payment processor, which acts as a bridge between all who are involved to take and receive money.

Here are some key pointers about the global payment process:

  1. Global payment processing involves transferring funds to entities with bank accounts in foreign countries

  2. It typically requires the involvement of a global payment processor, which facilitates transactions between merchants located in different countries

  3. The fees can vary depending on the processor, amount, and destination. However, using a cost-effective global payment processor can reduce the extra cost and make your processing easy.

  4. Global payment processing systems automatically convert currencies to ensure that recipients receive the correct amounts. Others may require input from the sender or recipient.

In summary, global payment processing is essential for businesses engaged in international transactions, and using an efficient global payment processor can help streamline the process and reduce associated costs.

If your business is on salesforce than your can consider "ChargeOn" for globle payments.

Disadvantages of manual accounting?

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Asked by Wiki User

Manual accounting, while it may be suitable for some small businesses, has several disadvantages compared to computerized accounting systems:

Prone to Errors: Manual calculations and data entry are more susceptible to human errors. Even a small mistake can have a significant impact on financial records.

Time-Consuming: Manual accounting is a time-consuming process. Recording transactions, creating reports, and reconciling accounts can be labor-intensive and take up valuable time that could be spent on other business activities.

Limited Scalability: As businesses grow, the volume of financial transactions also increases. Manual systems can become overwhelmed and inefficient, making it challenging to manage larger and more complex financial records.

Reduced Accuracy: Over time, manual records can become disorganized, and it's easy to lose track of important financial documents. This can lead to inaccuracies and difficulties in retrieving necessary information.

Limited Reporting and Analysis: Manual accounting systems make it more challenging to generate detailed financial reports and conduct in-depth financial analysis. Computerized systems offer greater flexibility in this regard.

Security Risks: Manual records are more vulnerable to loss, damage, or theft. Storing paper documents can pose security risks, particularly when sensitive financial information is involved.

Lack of Automation: Manual systems lack the automation features of computerized accounting. Tasks like invoice generation, payment reminders, and automatic bank reconciliation are not possible with manual methods.

Inefficiency in Audit Trails: Creating and maintaining proper audit trails is more challenging in manual accounting. This can be a concern when auditing or verifying financial transactions.

Inadequate Compliance: Meeting regulatory requirements can be more challenging with manual accounting, as it may not have built-in compliance features that computerized systems often provide.

Difficulty in Data Sharing: Sharing financial data with accountants, partners, or other stakeholders can be less efficient in manual systems. Computerized systems allow for easier data sharing and collaboration.

Higher Costs: Although there is an initial cost associated with implementing computerized accounting systems, manual accounting can lead to higher long-term costs due to inefficiency and potential errors.

Dependence on Skilled Personnel: Manual accounting heavily relies on the skills and expertise of the individuals involved. If these individuals are unavailable or leave the organization, it can disrupt the accounting process.

For most businesses, especially those of a moderate size or with complex financial transactions, computerized accounting systems provide a more efficient and accurate way to manage financial records and processes.

What are the examples of contra voucher?

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Asked by Wiki User

# Cash account to Bank account # Bank account to Cash account # Bank account to Bank account

What is Alexander wang net worth?

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Asked by Wiki User

As of my last knowledge update in January 2022, Alexander Wang's net worth was estimated to be around $70-80 million USD. Please note that net worth can fluctuate due to various factors like business ventures, investments, and market changes. For the most current and accurate net worth, I recommend checking recent financial publications or reliable celebrity net worth databases.

Why a sole trader might not want to convert the business into a partnership?

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because some owners like full controlcof the company, and dont want to share the profits made

How do you find the ratio of two numbers?

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Asked by Wiki User

Divide all 3 numbers by the smallest. If you end up with floating point numbers, you can either round them to the nearest whole or multiply out until you get to whole numbers and then divide the resultant numbers by a common foctor. i.e.

14:8:78

14 ÷ 8 = 1.75

8 ÷ 8 = 1

78 ÷ 8 = 9.75

So you have 1.75 : 1 : 9.75 which rounded gives 2:1:10

Multiply the numbers out to get integers gives 175:100:975

Divide by 5 = 35:20:195

Divide by 5 again = 7:4:39

If you round the original numbers to the nearest 5, you get 15:10:80

Divided by 5 = 3:2:16

If you carry out the division equation on that ratio;

3 ÷ 2 = 1.5

2 ÷2 = 1

16 ÷ 2 = 8

1.5 : 1 : 8 = approximately 2:1:10

There are loads of different ways to do ratios. I find using the division technique with a bit of rounding works the best.

So 14:8:78 = 2:1:10 = 7:4:39 = 3:2:16 approximately.

-NEW RESPONSE-

There appears to be a HUGE amount of rounding in there and I don't know why. To deal with 3 number ratios you need to figure out what the question is, if you are trying to figure out given 3 chemicals in a ratio how much you need of each given a specific amount of final substance? Or are you asking if you need 3 ingredients in a ratio, and you have a certain amount of 1 how much do you need of the others?

The first part is by adding all the numbers together, 14:8:78, gives us 100. Then taking the total amount you need at the end, divide by 100, then multiply by each of those numbers in the ratio to find out how much of that ingredient you need.

The second type, you just have to figure out what multiple you need of the original number in the ratio to get to the new amount you have. Example, if you have 20 ounces of the first chemical (14), to get 14 to 20, you just take 14 and multiply it by 20/14. Then you would multiply the 8 and 78 by 20/14 as well. That gives you the amount of each of the others you would need.

I am really not sure what the original poster of this response was talking about... DON'T ROUND LIKE THAT until the end of the problem.

What are the requirements to set up a merchant account?

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Asked by Wiki User

To set up a merchant account you will most likely need the following:

  1. Copy of your drivers license- this is for signature verification
  2. Copy of a printed check- Proves the account belongs to you
  3. Copy of a business licence or utility bill- to prove the business address
  4. Copy of a home utility bill- If your license is not your current address and you are not listed in the phone book they may require proof of your home address
  5. Marketing material-some processors require a website or flyer for more proof that your company is real

Can anyone give me some Examples of latest merger and acquisition in India?

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Asked by Wiki User

  1. Tata Steel's mega takeover of European steel major Corus for $12.2 billion. The biggest ever for an Indian company. This is the first big thing which marked the arrival of India Inc on the global stage. The next big thing everyone is talking about is Tata Nano.
  2. Vodafone's purchase of 52% stake in Hutch Essar for about $10 billion. Essar group still holds 32% in the Joint venture.
  3. Hindalco of Aditya Birla group's acquisition of Novellis for $6 billion.
  4. Ranbaxy's sale to Japan's Daiichi for $4.5 billion. Sing brothers sold the company to Daiichi and since then there is no real good news coming out of Ranbaxy.
  5. ONGC acquisition of Russia based Imperial Energyfor $2.8 billion. This marked the turn around of India's hunt for natural reserves to compete with China.
  6. NTT DoCoMo-Tata Tele services deal for $2.7 billion. The second biggest telecom deal after the Vodafone. Reliance MTN deal if went through would have been a good addition to the list.
  7. HDFC Bank acquisition of Centurion Bank of Punjab for $2.4 billion.
  8. Tata Motors acquisition of luxury car maker Jaguar Land Rover for $2.3 billion. This could probably the most ambitious deal after the Ranbaxy one. It certainly landed Tata Motors into lot of trouble.
  9. Wind Energy premier Suzlon Energy's acquistion of RePower for $1.7 billion.
  10. Reliance Industries taking over Reliance Petroleum Limited (RPL) for 8500 crores or $1.6 billion.

Can you give latest examples of merger?

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Asked by Wiki User

Some examples of mergers include American Airways and Delta merging. A merger is different from an acquisition, but both businesses benefit in the long run.

What are the three functions of business finance?

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The three primary functions of business finance are financial management, financial planning, and financial control. Financial management involves making strategic decisions about how to allocate resources, including capital, to various business activities and investments to maximize profitability and shareholder value. Financial planning entails forecasting and budgeting to determine the financial needs of the company and develop strategies for achieving its financial goals. Finally, financial control involves monitoring and evaluating financial performance, comparing it to established objectives, and implementing corrective measures as needed to ensure the company remains on track and in compliance with financial regulations. These functions collectively enable businesses to manage their finances effectively, make informed decisions, and achieve long-term financial sustainability.

What year did the AFL-NFL merger occur?

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The AFL-NFL merger occurred in 1970. At that time there were 10 teams in the AFL and 16 teams in the NFL. To even the number of teams among the two new conferences (AFC and NFC) the Pittsburgh Steelers, Baltimore Colts, and Cleveland Browns agreed to move from the NFL to the AFC so there could be 13 teams in each conference. There have been six new expansion teams enter the NFL since the merger:

1976 - Tampa Bay, Seattle

1995 - Carolina, Jacksonville

1996 - Baltimore (The owner of the team in Cleveland moved his players to his new franchise in Baltimore in 1996, leaving Cleveland's team in Cleveland, but officially inactive. In 1999 Cleveland was activated, but were technically not an expansion team).

2002 - Houston (The team previously in Houston moved to Tennessee in 1997).

EDIT: The owner of the Browns until the 1995 season desided he wanted to move to Baltimore. The NFL, Modell ( owner ) and the city of Cleveland came to the argeement. Modell could take his players with current contracts go Baltimore and would start the 31st NFL Franchise .( Jacksonville being 30th ) NFL/Cleveland kept Cleveland Browns history, championships , colors and overall heritage in Cleveland for a expansion team when the time was right by turning the Browns organzation into a holding company ( Cleveland NFL football LLC) until the next owner took over. The NFL considers both the 46-95 Browns & 99- present Browns the same team so the Baltimore Ravens are the 31st NFL Franchise.

FACT: Baltmore and Tampa Bay are the only post merger teams to win a Super Bowl.

Which NFL team has the record for most consecutive winning seasons since the merger?

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The Pittsburgh Steelers are first, followed by the Dallas Cowboys; each has more then 400 wins since the merger.

In terms of Superbowls; the Pittsburgh Steelers (6) are first again, followed by the Dallas Cowboys and the San Francisco 49ers (5).

Why are merger and acquisition strategies popular in many firms competing in the global economy How would these strategies impact a firm's performance?

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Through merger/acquisition, a financially weak entity is merged with a stronger one, thereby facilitating to regain its lost health and compete in the market. This being the primary reason for this strategy to be popular in global economy.