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.
Social conflict theorists disagree that social stratification is functional for a society. Instead, they argue that social stratification benefits some at the expense of others. Two theorists, Karl Marx and Max Weber, are the primary contributors to this perspective. Hope it helped. Peace ✌️
The situation represented above is an example of common conflict between parents and their adult children that is called conflict of intergenerational relationships. People from different generations have different views towards many issues such as education and nurturing. People that belong to different generation type have different life perspective therefore some older people can consider modern parents' ways of nurturing to be inappropriate.
Answer:
3rd one,4th one and maybe the 1st one.
Explanation:
Hope this helps.
