Why is looking at cash flow an important step in a good financial plan?

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1 answer:

Marizza181 [45]2 years ago

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Looking at cash flow an important step in a good financial plan due to the following reasons:

To determine areas in business that needs scaling back on spending.
To monitor the amount of money being received.

<h3>What is a cash inflow?</h3>

A cash inflow can be defined as an amount of money that flows into a business firm.

<h3>What is a statement of cash flows?</h3>

A statement of cash flows is also referred to as cash flow statement and it can be defined as a financial statement which illustrate how changes in income and various account of the balance sheet affect cash and other cash equivalents.

As a general rule in business management, looking at cash flow an important step in a good financial plan due to the following reasons:

To determine areas in business that needs scaling back on spending.
To monitor the amount of money being received.

Read more on cash flows here: brainly.com/question/24299919

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Based on the graph, which statements are correct? check all that apply. Voters age 55–64 were more likely to use nontraditional

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Based on the graph, the correct statements are;

A: Voters age 55–64 were more likely to use nontraditional voting methods than people age 45–54.

B: Voters age 65 and older were more likely to use nontraditional voting methods than all other age groups.

<h3>What is the correct statement about the graph?</h3>

The attached graph shows us that the likelihood of the 55–64 aged group using non-traditional voting methods is 69.7 as against 65.9 scored by the 45–54 age group.

Secondly, on the graph, the age group with the highest likelihood to use non-traditional voting methods is voters aged 65 and older with 77.7.

Finally, the graph shows us that age has a great influence on voters in choosing non-traditional voting methods over traditional methods.

Read more about Correct graph statement at; brainly.com/question/24992348