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n200080 [17]
2 years ago
10

Chez Dove is an independent coffeehouse/bookstore that went bankrupt only eight months after opening due to an unexpected demand

for cash to fix a leaking roof. Better cash _____ might have allowed the business to continue operation.
Business
1 answer:
emmainna [20.7K]2 years ago
3 0

Answer:

Management

Explanation:

Better cash management ensures survival of any firm if well handled and managed.

A Cash Management Strategy includes the use of Banks, Saving & Loan Associations, Credit Unions, and other financial institutions provide a variety of financial services or the use of Account services provide customers with online banking offering deposits, investments, credit cards, loans, mortgages, rewards programs and others.

Effective Cash Management Rules involves: balancing your checkbook regularly and Pay your bills on time

And others.

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Consider your current company, or a company that you have formerly worked for, and describe and critique the budgeting processes
san4es73 [151]

Answer:

I currently work for a company that provides services to other businesses (B2B), and we work on a yearly contract base. Since it's a B2B we don't have a lot of customers, they are only 11, but each customer is very important to us.

The sales process and contracts for the next year are usually finished by November and at that time we must prepare a cost budget. The main problem we are currently facing is that we use some imported goods and since many tariffs have been increasing, there is a lot of uncertainty about future prices.

When you import goods and use the FOB destination, the seller is responsible for delivering the goods up to a port of entry, but we are responsible for the paperwork and applicable tariffs. Since tariffs increase during a few months and then decrease, and then increase again depending on the president's mood, our budget has a large percentage of "just in case".

Besides that problem with imports, our company also signs yearly contracts with most of the employees depending on the number of contracts and workers needed. We are very good at estimating overhead expenses, since experience is a great teacher in our specific case.

If we didn't have the problem with uncontrollable external factors (tariffs), prior jobs help us to determine budgets that are usually quite exact, our variance (either + or -) is usually less than 3%.

5 0
3 years ago
Is the cap on inflows in calculating net outflows binding? is the bank in compliance with the lcr rule?
statuscvo [17]

In other words, cash flows occur when any of the three activities are performed by the business, whether they flow into or out of the business. Cash flows can be positive or negative, depending on which is greater. cash inflow or cash outflow.

The purpose of the LCR is to “improve the short-term resilience of a bank’s liquidity risk profile by ensuring that the bank has sufficient high-quality liquid assets to withstand a severe stress scenario in his month. to promote and Create additional incentives for banks.

Inflow, defined as total inflow minus surface evaporation and groundwater loss, can be obtained from the volume conservation equation, inflow = outflow + (water level change) x area / (time step). increase.

← Foreign Direct Investment (FDI) Net FDI inflows are the value of the foreign direct investment by non-resident investors in the reporting country. Net FDI outflow is the value of a direct investment in the foreign economy by residents of the reporting country.

Learn more about inflow here;

brainly.com/question/25130975

#SPJ4

3 0
1 year ago
Determine the future value if $5,000 is invested in each of the following situations: 7 percent for seven years
alukav5142 [94]
The answer is $8,030
Explanation:
Present Value (PV) = $5,000
Future Value(FV) = ?
Interest rate(r) = 7 percent
Number of years (N) = 7 years
The formula for future value is:
FV = PV(1+ r)^n
= $5,000(1+0.07)^7
$5,000(1.07)^7
$5,000 x 1.605781476
=$8,028.91
Approximately $8,030
Alternatively, we can use a Financial calculator:
N= 7; I/Y= 7, PV= -5,000 CPT FV= $8,028.91
Approximately $8,030
6 0
2 years ago
LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 4.2 hours of direct labor at the r
irina1246 [14]

Answer:

$2,344,356

Explanation:

Given the above information,

June production :

Planned sales + ending inventory - beginning inventory

= (27,000 + 70 - 490) units

= 26,580 units

Total direct labor hour required for production

= 26,580 units × 4.2

= 111,636 labor hour

Cost of production

= Total direct labor hour × rate per hour

= 111,636 × $21

= $2,344,356

3 0
2 years ago
As you move through your professional career, you will receive requests for favors and contributions. You will not be able to ho
Sergio [31]

Answer:

The correct answer is letter "C": use the indirect strategy.

Explanation:

While giving messages there are two main approaches: <em>the direct </em>and <em>indirect strategy</em>. The direct strategy is used when the main idea of the message is given at the beginning of the speechy to impact or shock the audience. Details of the idea are provided subsequently. The indirect strategy, instead, starts by providing the details to the audience to finally come up with a conclusion.

Thus, <em>while providing refusals, it is more appropriate to use the indirect strategy so customers will know the reason for the non-approval to confirm the negative news at the end.</em>

3 0
3 years ago
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