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Lecture 1.3- Financial Management 2023 Update Solution a+
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Goal of Financial Management - Make money for its owners: Maximize the current stock price to increase the wealth of the owners of the firm. Maximize the current market value per share of company's stock will increase share price and make shareholders richer. How to achieve goal of financial management? - 1. Maximize profit 2. Minimize cost 3. Maximize market share 4. Maximize current value of company's stock Maximize Profit - Profit in income statement is only accounting profit as there are noncash items. Long-run or short-run profits...
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