Answer the following question.
Q1. Who owns a credit union? Explain.
Q2. Compare and contrast a defined benefit and a defined contribution pension plan.
Q3. What are retained earnings? Why are they important?
Q4. What is the role of a broker in security transactions? How are brokers compensated?
Q5. Why do we add back non cash items to net profit while calculating cash flow from operating activities.
Q6. Every Manager has to take three major decisions while performing the finance function’ briefly explain them.
Q7. What do you mean by floatation cost?
Q8. What is a portfolio? Why an investor should invest his/her funds in a portfolio rather than in the stocks of a single corporation.