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PHARMACEUTICAL FINANCIAL MANAGEMENT MANUAL PDF Usaid  Form

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all right so we continue with financial management lecture number three we continue with assets and liabilities let's see what we have residual claim stockholder equity represents the residual plane so let's explain residual plane all liabilities the right hands line represents a plane on assets some have higher claims some have lower claims higher thing will have employees utilities bills things that you can attain urgently probably one of the highest claims will be the government government taxes will probably have the highest way so you can order different claims by priority that words if you're running short on cash and can't pay everybody that works in the process of bankruptcy who has the highest priority the second highest priority the third highest priority and the question is who has the lowest priority the lowest priority always have common stockholders and that lowest priority represents a residual claim residual means you have a claim after everybody else has been complete

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