a. If you could pick a single source of cash for your business, what would it be? Why?;b. How can a business earn large profits but have a small balance in Retained Earnings?;c. How can a business lose money for many years and still have plenty cash?;d. Give two reasons why a business can be profitable for many years and still have a cash shortage?;e. Suppose your business has $80,000 worth of liabilities that must be paid within the next three months. Your liquid (can be turned into cash quickly) assets total only $60,000, your sales and collections from customers are slow. Identify two ways to finance the remaining $20,000 you will need, so you can pay all of the liabilities when they are due.
Paper#26336 | Written in 18-Jul-2015Price : $32