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write in word (C) Diamond Company is a manufacturing company which is involved in packaging business. At present the performance of the company is up
write in word
(C) Diamond Company is a manufacturing company which is involved in packaging business. At present the performance of the company is up the expectation. Keeping up with latest technology, the company decided to improve the quality of its products by upgrading its machinery. The company assigned the task of estimating the amount of funds required for this upgrading to its financial manager Mr. Salim. Mr. Salim started the work by collecting the relevant data about the amount available from internal sources. Later, he will estimate the remaining amount to be raised from external sources and try to find out the alternative sources from which this amount will be mobilized. Requirement: (1) By performing the above tasks, what are the functions performed by Mr. Salim? (ii) As a financial manager, what are the principles he should concentrate while investing capital of the company? Explain. (3Marks)Step by Step Solution
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