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Discuss and explain the importance and methods for preparing a financial plan including the five steps...

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General Management

Discuss and explain the importance and methods for preparing afinancial plan including the five steps in creating a cash budgetand the fundamental principles involved in managing the “Big Three”of cash management: accounts receivable, accounts payable, andinventory. Provide an example.

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Understand the five steps in creating a cash budget and use them to create a cash budget The cash budgeting procedure outlined in this chapter tracks the flow of cash through the business and enables the owner to project cash surpluses and cash deficits at specific intervals The five    See Answer
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