Answer all the parts to Question 1 below

i) What is the practical significance of financial management in effective performance of government, manufacturing, trading and services business institutions?

ii) Explain why organizations use different methods of Inventory management and what might be their effect or profitability and financial position of organizations?

iii) Differentiate cash book and cashflow statement and why both are prepared in almost all (non)business organizations?

iv) Why would one prefer Profitability Index method over NPV?

v) How ignorance of time value of money can affect investment decisions?

vi) Thoroughly explain various types of shares and share capital from financial statements of any local or multinational manufacturing, trading or services business.