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.
Answer: This is fallacy called "straw man"
Explanation:
Straw man is one kind of logical fallacy. It consists in missrepresenting someones's argument to make it easier to attack.
Which statement best describes the circadian rhythm? In a 24-hour period of time, we spend a period of time awake and a period of time asleep.
Answer:
10th amendment
Explanation:
As the final amendment in the Bill of Rights, the 10th Amendment originally aimed to reassure Anti-Federalists by further defining the balance of power between the national government and those of the individual states
