Include in your response an explanation of the different forms of business organizations and provide a benefit of each type for maximizing profits.

EACH QUESTION MUST BE Minimum of 450-500 words in length and properly sourced.

List the questions answered

 

Question 1: 

Examine the different roles that a manager plays in the financial success of a business.

  1. Include in your response an explanation of the different forms of business organizations and provide a benefit of each type for maximizing profits.
  2. Include in your response an explanation of the different types of financial statements.  Define in detail
  3. Explain the relationship of managerial finance to economics and accounting
  4. Discuss the relationship between stockholders/shareholders, bondholders, and the financial manager.

Question 2:

What is the common accounting equation that reflects the relationship among liabilities, owner’s equity, and assets?  Define each

Exercise:

Place each one in the proper order so that the equation from above equals: (show your work)

Cash 89,000
Accounts Payable25,000
Buildings1,000,000
Mortgage Payable250,000
Retained Earnings837,000
Payroll Taxes due9,000
Patient receivables55,000
Accounts payable:

Supplies

23,000

 

What is the difference between an expense and a cost


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