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: Rightly so, every place experience scarcity or shortages of some sort.
Scarcity can be defined as a lack or deficiency of something. It is a situation whereby something that is readily available is in an inadequate amount.
West Africa, Nigeria, one of the scarcity experienced here is electricity.
In Nigeria, about 40,000 megawatts is needed to sustain the basic population but only about 5,000 megawatts is readily available, that is just 12.5% of the total needed. This a clear definition of scarcity.
Answer:
b. Personality.
Explanation:
<em>Personality</em> is a unique set of behaviors and enduring qualities that influence the way a person adapts to her/his environment. The way in which individuals think, feel, and behave is defined as personality. These set of traits last over time and are different in different individuals. These characteristics not only influence individual behavior but they also influence how each individual adapts to the environment.
There are no options given but the "net profit" is generally considered to be the best measure of success.
Net profit, additionally alluded to as the bottom line, net
wage, or net income is a measure of the profit of a business in the wake of taking
out all expenses and duties. It is the real benefit, and incorporates the
working costs that are excluded from net profit.
Answer:
thansk sa points
Explanation:
pagpalain ka sana ng diyos
