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Can you help me understand this Accounting question?
I need help to solve financial questions please find attached the requirement and the information about the case also the 3 chapters may help you
Copyright © 2016 Pearson Education, Inc. 1 Section 3: Launching the Business 12 Managing Cash Flow 12-2 Copyright © 2016 Pearson Education, Inc. ❖Explain the importance of cash management to a small company’s success. ❖Differentiate between cash and profits. ❖Understand the five steps in creating a cash budget. ❖Describe fundamental principles involved in managing the “big three” of cash management: accounts receivable, accounts payable, and inventory. ❖Explain the techniques for avoiding a cash crunch in a small company. 12 - 3 Copyright © 2016 Pearson Education, Inc. ❖ “Everything is about cash – raising it, conserving it, collecting it.” ~ Guy Kawasaki ❖ Common cause of business failure: Cash crisis
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