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What sort of difficulty can you imagine the manager of an organization would be in if the organization did not routinely prepare cash flow forecasts and working capital analyses?
The root cause of the global financial crisis that began in 2008 is the psychological excess that was manifest in unsound managerial judgments and poor managerial decisions. [ That excess was unevenly distributed across financial institutions, rating agencies, government bodies, households, and investors. ]
Expert answered|MrG|Points 2089|
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Asked 12/18/2012 1:29:36 PM
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What sort of difficulty can you imagine the manager of an organization would be in if the organization did not routinely prepare cash flow forecasts and working capital analyses?
Weegy: The cash flow of your business will be a reflection of the state of your business finances. If you have a healthy cash flow then the chances are good that your business will grow and succeed. [ If you have cash flow problems then the chances are good that your business won’t last for long. This makes it critical that every business owner learn all they can about how to manage their cash flow. When you are taking proactive steps toward ... (More)
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Asked 12/18/2012 12:53:08 PM
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