Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

7. Receivables and Investments

Introduction to Investments in Securities

Financial Accounting

7. Receivables and Investments

Introduction to Investments in Securities

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Multiple Choice

The goal of financial management is to increase the:

value of the firm to its shareholders

number of employees

amount of assets owned

total sales revenue

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Understand the primary goal of financial management, which is to maximize shareholder wealth. This is typically achieved by increasing the value of the firm to its shareholders.

Analyze the options provided in the question. The correct answer should align with the goal of financial management.

Option 1: 'Value of the firm to its shareholders' aligns with the goal of financial management, as it focuses on maximizing shareholder wealth.

Option 2: 'Number of employees' does not directly relate to financial management goals, as hiring more employees does not necessarily increase shareholder value.

Option 3: 'Amount of assets owned' and Option 4: 'Total sales revenue' are financial metrics but do not directly reflect the goal of maximizing shareholder wealth. Increasing these metrics without considering profitability or shareholder value may not align with financial management objectives.