Every cooperative board of directors is charged with both protecting and utilizing the resources of the cooperative for its members. This simply stated prime directive is far from a simple task.
Balancing the needs of the member with the needs of the cooperative’s balance sheet is a tricky proposition at best. Establishing margins to cover actual costs along with additional net savings that will allow for future growth of services can be difficult, but past performance – together with reasonable expectations and realistic optimism – should drive financial projections.
With the help of the cooperative’s management, boards develop and approve business plans that will meet the organization’s goals. Most planning cycles are conducted annually, creating a budget that anticipates surpluses. New projects offering better services or products are financed along with long-term financing, either with new injections of capital or long-term borrowings. Unrealistic long-term financing projections can seriously interrupt the monthly and daily operations of a cooperative, therefore, understanding how current assets and liability affect the cash to cash cycle is a critical piece of knowledge that any board member needs. Current assets consist of cash, inventories and accounts receivable. Current liabilities include accounts payable for goods and services and the current portion of long or immediate term debt.
it depends what type of service. And the service would have to make sure they are good enough to pay the government back like a mall jewelry shop store.
According to Vygotsky, The teacher's structuring process and method used to guide and shape Mary's thinking is referred to as <u>scaffolding</u><u>. </u>
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What is Vygotsky's concept of scaffolding?</h3>
Vygotsky established an instructional scaffolding concept that centered on teaching practices. He described it as "the responsibility of instructors or a tutor in helping the learner's growth by offering support structures to help the learner move to that next stage in their learning path."
So, as it is in the case of Mary with having trouble understanding how to do a math problem.
The role of the teacher is to guide her by offering support structures to help her get to the next stage.
Learn more about the concept of scaffolding here:
brainly.com/question/3706018
