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objectives of financial managers responsibilities
objectives of financial managers responsibilities
strategy for shareholders wealth maximization
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Recommended: objectives of financial managers responsibilities
Scenario Financing Solution: Lester Electronics Inc.
Publicly traded corporations are continually faced with important decisions which will affect the financial health of the firm and because these firms depend on financial investments from shareholders; all decisions should revolve around maximizing the shareholders wealth. The wealth of shareholders can be maximized through many financial tools which include: the analysis of financial statements, capital structures, accounting, and financial stability. Financial statements, capital structures, and company accounting can also be used to gain insight on a company's future performance. These tools aid in maximizing the shareholders wealth because they provide investors with an oversight of the firm's progress which can aid in investment decisions. These tools also provide financial managers with the metrics needed in order to track and measure goal progression.
Financial Managers oversee the preparation of financial reports and investment activities. They are responsible for choosing the capital structure that maximizing the firm's value. "Financial Managers hold an important and elevated role in corporate governance" (Tanzanian Royalty, 2006). Managers must ensure that the firm's stockholders and interests are protected, balanced, and preserved.
Organizations are structured according to their decision to rely on debt. However, the immediate concern is the maximization of shareholder wealth. Ross, Westerfield, & Jaffe, 2005 stated; If the goal of the management of the firm is to make the firm as valuable as possible, then the firm should pick the debt-equity ratio that makes the firms total value as big as possible.
Analysis: Lester Electronics In the Lester Electronics Scenario, there are several things going on at once. Shang-Wa had already suggested a partnership to Lester Electronics, but this is now becoming more urgent due to a hostile takeover bid by TEC. In fear of losing his company, John Lin, the CEO and founder of Shang-Wa, approaches Bernard Lester, CEO of Lester Electronics with a serious proposal to form and partnership and expand the business in to a neighboring Asian country. Lester Electronics however
resulting consequences they must face. In the movie American Beauty, the character of Lester Burnham must make many important choices that could either lead to his ultimate happiness, or draw him further into his despair. In the movie American Beauty, it is evident that Lester Burnham is in a state of despair. Lester’s dull and monotonous voice introduces the audience to his daily routine of life. When Lester declares plain and simply, “This is my neighborhood, this is my street, this is my life
The Motivation of Lester in Child of God In the novel, Child of God. Lester Ballard committed heinous crimes against innocent victims. He murdered people in cold-blooded fashion and raped women when they were dead. What makes a human being do this may tell us a lot about criminals and humans themselves. In this paper I will try and analyze some of the core issues that lie at the heart of this story. Why did Ballard do what he did, to what extent is he responsible and what should have been his
story of the conflict between people of different races who have an inability to understand each other. They each want possession of a small house in the California hills but for very different reasons. On one side, there is Kathy Nicolo and Sheriff Lester Burdon who want the house from which Kathy was evicted. It previously belonged to Kathy’s father and she is reluctant to relinquish possession of it. Then there is the Behranis, a Persian family who was forced to flee to America in fear of their lives
In a film set almost 100 years later in an American suburb, another virginal seductress flips her dance skirt, giving admirers a peek at her panties, and inspires Bloom's modern incarnation, Lester Burnham, into a similar burst of auto-eroticism. The "metempsychosis" of Leopold Bloom into Lester Burnham isn't the only astonishing similarity between Ulysses and American Beauty. When screenwriter Alan Ball accepted the 2000 Golden
American Beauty, directed by Sam Mendes in 1999, is one of the best and most unique films I have ever seen. One of the opening scenes of the movie starts with a view of Lester Burnham, his attractive, blonde wife Carolyn Burnham and their daughter Janie and what seems to be what seems to be the Burnhams picture perfect life and picture perfect marriage. The suburban house with the clean cut lawn and perfect garden, white picket fence, the oak trees lining the street, the two cars parked in the driveway
The main character, Lester Burnham, is faced with many choices that could either lead to his ultimate happiness or draw him further into his despair. Carolyn Burnham, Lester's wife, is faced with a loveless marriage that exists only because she does not possess the willingness to break the cycle. This cycle involves protecting their daughter by staying married. In reality, children of a marriage such as this are often the biggest victims of this sham. Jane Burnham is Lester and Carolyn's daughter
in her house. Eddie Ray Branch, her grandson, testified that he visited his grandmother on the day that she was killed. He was there till at least 6:30 p.m. Lester Busby, her grandnephew, and David Hicks arrived while her grandson was still there and they saw him leave. They then went in to visit with Ms. Heggar. While they were there, Lester repaid Ms. Heggar 80 dollars, which he owed her. They left around 7:15 p.m. and went next door to a neighboring friend¡¦s house. David Hick¡¦s went home alone
The Victims in McCarthy's Child of God In Cormac McCarthy's Child of God, Lester Ballard is a recluse who is shunned by the people of his community. Because of his morose nature and his bizarre habits, he stands out among the small rural community. The rejected Ballard turns from being a harmless recluse to a murderer. While he is clearly a victimizer, he is also a victim himself. He is the victim of his own ostracization from the community that he was a part of. While the victimization that
moved to Los Angeles to look for different job opportunities. There, Ailey’s interests took flight and he became involved in dance. Ailey attended the Thomas Jefferson High School. His school friend in 1949, Carmen De Lavallade, introduced him to Lester Horton. Horton’s multi racial dance school covered a wide range of styles including modern, jazz, and classical ballet. After eventually leaving the college track, at the age of 22, Alvin joined the Horton Dance Company. Ailey participated in different
Grotesque atmosphere by escalating such disparity to a peak at which the protagonist Lester Burnham irrevocably bursts to death, posing a proposition of man’s raison d’être. The urge to merge in the society contradicts individuality. Carolyn, Janie and Lester– the Burnham family sets the framework and motion of the film. They epitomize three levels of mergence in the society or release of their individuality. Wife of Lester, Carolyn is a real estate saleswoman who craves for success. She wears delicate
No one could truly write a paper on a jazz artist without starting on where everything started. Jazz has been called America’s classical music. Along with the blues, its forefather, one of the truly native music to develop in America. We all know how jazz is known as improvisation and its rhythmic form. Also originated from the African American communities of New Orleans in the 19th and 20th centuries. Yet its impulsive, risky ventures into improvisation gave it critical cache that the blues lacked
was introduced by a classmate to the most influential person that would be the foundation for his future successful career in modern dance, Lester Horton (DeFrantz 1). Alvin was captivated by Lester’s work, which focuses on building a strong body, and made the executive decision to start his dance training in 1949 when he was eighteen years old. Because Lester Horton’s dance company embraced diversity, and accepted dancers of all ethnicities and backgrounds, Alvin was given the opportunity to do something
(Campbell 72) William goes to meet the famous rock critic, Lester Bangs, who is being interviewed at a local radio station. Over lunch, Lester initiates his role as MENTOR to the aspiring young journalist, warning him against making friends with the rock stars lest he lose his objectivity to write about them. “You have to build your reputation on being honest… and unmerciful,” he says repeatedly. Seeing that William is serious about his quest, Lester offers him a bona fide writing ass... ... middle of
Personally one of my favorite artists of all time, Billie Holiday, is known to be a true artist known in American pop and jazz history. She lived an emotional and challenging life, with plenty of stories to tell and enough sorrow to fill a songbook. Holiday sang with incredible profundity, sophistication, and her unique vocals is still considered to be one of the greatest jazz voices of all time. Billie Holiday, born Eleanora Fagan Gough on April 7th, 1915 was born in Baltimore, Maryland. She was