Preston is a financial manager. He is in the process of analyzing the needs of the company and selecting the fixed assets that will maximize its value. Preston is involved in the process of

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One of the most important jobs performed by the financial manager is to decide what fixed assets, projects, and investments will earn profits for the firm beyond the costs necessary to fund them. The process of analyzing the needs of the business and selecting the fixed assets that will maximize its value is called capital budgeting, and the capital budget is the amount of money budgeted for investment in such long-term assets.

Preston Is a Financial Manager