Final answer:
To improve current annual net income, a manager might reinvest profits to increase productivity, reduce expenses, streamline operations, manage cash flows astutely, and seek early-stage investment. All actions should aim for sustainable and ethical improvements to avoid compromising long-term growth for short-term gains.
Step-by-step explanation:
A manager seeking to improve current annual net income during the last quarter of a fiscal year might employ several strategies. One such strategy includes reinvesting profits back into the business, by either improving existing facilities, hiring additional labor, or purchasing new technology to increase productivity. These actions may lead to additional sales and, consequently, a higher net income. The manager could also review current expenses and identify areas where costs can be reduced without compromising on the quality or production capacity. This might involve negotiating better terms with suppliers or finding less expensive alternatives for materials and services.
Furthermore, maximizing the efficiency of operations to reduce waste and streamline processes can contribute to increasing net income. The use of financial tools such as delaying non-urgent expenses to the next fiscal year or accelerating the collection of receivables can also temporarily improve the financial statements. It's crucial that any measures taken are sustainable and ethical, ensuring no long-term harm is produced for short-term gains.
In the realm of strategic finance decisions, a manager might also consider options like seeking funds from early-stage investors, or utilizing available cash flow for critical investments that promise future returns. Lastly, communicating with stakeholders in relation to financial performance and upcoming plans can maintain investor confidence.