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.
Chief justice writes the court's opinion.
Chief justice presides also over the trial in the Senate. Also has a ceremonial duty of administering the oath of office of the President.
The answer is C. A broker
Answer:
Following are the purpose of the consumer price index (CPI) is given below .
Explanation:
- The Consumer Price Index is to determine the average cost shift across the time payable by the client for the collection of the products and the services.
- Consumer price index is used for the indicator and the inflation as well as the implication, of the financial policy of the Country.
- The main objective of consumer price index is to determining the urban salaried employees as well as the admin staff.
