Question

Q3 Homework – Unanswered The goal of financial management is to 0 A maximize revenue O B maximize profits O C maximize shareholder wealth O D all of the above Unanswered 2 attempts left Submit Homework. Unanswered Which of the following is a period statement? A The balance sheet 0 B There is no such type of statement 0 C The income statement O D both the income statement and the balance sheet are period statements Unanswered 2 attempts left Submit

Answer 1

Q3) There are several objectives for a firm to operate, these can be as follows:

• Sales maximization
• Profit Maximization
• Risk Minimization
• Shareholder's wealth maximization

So every company might choose one or more of these objectives and that becomes the objective to be achieved through proper financial management. So the correct answer could be any one of these and therefore the correct answer is all of the above as suggested by opton D

Q4) Balancesheet is prepared on a particular date and shows the financial position of the company as on that date. While income statement is prepared for a given period, most commonly an year and therefore the income statement is a period statement, so the correct option is C