Objective of Managers should be to maximise the wealth of the shareholders.
Other stakeholders of business include; mangers, employees, creditors and suppliers.
A firm generates cash flows by selling goods and services produced by its productive assets ca
Capital budgeting decision determines what long term productive assets the company will purchase.
Financing decisions determine the company's capital structure - combination of long term debt and
equity that will be used to finance the company's productiv
Activity based costing is trace cost to products and services through
identifying overhead cost with homogenous activity, and cost pools and
applying cost to product and services based on their consumption of
activities. Activity b