BUS 082 Lecture Notes - Lecture 31: Trade Credit, Revolving Credit, Commercial Bank

• School: College of The Sequoias
• Department: Business (BUS)
• Course: BUS 082
• Professor: gradin

Document Summary

A process in which a firm periodically compares its actual revenues, costs and expenses with its budget. You can see what is important to a company by looking at the budget. You want to be in a department where the budget is growing. Controls seek to answer questions such as. Is the firm meeting its short term financial commitments. Is the firm producing adequate operating profits on its assets. Are the firm owners receiving an acceptable return on their investment. Managing day by day needs of the business. A dollar today is worth more a dollar tomorrow. If you have the dollar today you can invest it. If you aren"t going to get the money today it needs an inflation rate that is equal to the amount of money you can get investing it. Utilizing storage and figuring out when it is practical to. What type of funds to you need,a dnw her short term.