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Managing Cash Flow Please respond to the following with a 250-300 word response: Analyze the steps involved in...

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General Management

Managing Cash Flow
Please respond to the following with a 250-300 wordresponse:

Analyze the steps involved in preparing a cash budget anddetermine which steps presents the greatest number of obstacles tothe greatest number of small businesses. Explain yourrationale.

Analyze the steps involved in avoiding a cash crunch and make atleast one additional recommendation for doing so. Provide specificexamples to support your response.

Answer & Explanation Solved by verified expert
3.7 Ratings (668 Votes)
Steps in Cash Budgeting Step 1 DetermineAnalyze cash carry forward from previous yearfinancial cycle Step 2 Add cash receivables during given year or month small businesses usually works on monthly cycle for cash flows Step 3 Deduct all the expenses disbursements which includes raw material cost payouts taxes etc Step 4 Calculate    See Answer
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