2 (a) Discuss the nature of the financial objectives that may be set in a not-for-profit organisation such as a charity
or a hospital. (8 marks)
2 (a) Discuss the nature of the financial objectives that may be set in a not-for-profit organisation such as a charity
or a hospital. (8 marks)
The success of the New Town approach lies in the fact that ______.
A.penalties will be given to those who are only interested in economic gain
B.a policy with clear objectives will be developed
C.promoters of New Towns will be encouraged
D.governmental innovations and financial factors will be thoroughly considered
A、It looks at both internal and external matters.
B、links to long-term objectives as well as short-term ones.
C、Financial and non-financial measures
D、Using an identical target return
A.1 and 2 only
B.1 and 3 only
C.2 and 3 only
D.1, 2 and 3
(c) Discuss the ways in which budgets and the budgeting process can be used to motivate managers to
endeavour to meet the objectives of the company. Your answer should refer to:
(i) setting targets for financial performance;
(ii) participation in the budget-setting process. (12 marks)
A、The lowest cost at which the appropriate quantity and quality of physical, human and financial resources can be achieved
B、Producing the required goods and services in the shortest time possible
C、The extent to which an activity is achieving its policy objectives
D、The relationship between goods and services produced and the resources used to produce them
A.The lowest cost at which the appropriate quantity and quality of physical, human and financial resources can be achieved
B.Producing the required goods and services in the shortest time possible
C.The extent to which an activity is achieving its policy objectives
D.The relationship between goods and services produced and the resources used to produce them
Required:
(a) Evaluate the financial performance of JJG Co, and analyse and discuss the extent to which the company has achieved its stated corporate objectives of:
(i) maximising the wealth of its shareholders;
(ii) achieving continuous growth in earnings per share.
Note: up to 7 marks are available for financial analysis.(12 marks)
(b) If the new finance is raised via a rights issue at $7·50 per share and the major expansion of business has
not yet begun, calculate and comment on the effect of the rights issue on:
(i) the share price of JJG Co;
(ii) the earnings per share of the company; and
(iii) the debt/equity ratio. (6 marks)
(c) Analyse and discuss the relative merits of a rights issue, a placing and an issue of bonds as ways of raising the finance for the expansion. (7 marks)
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