Understanding Cash Flows Drop Box Video link: https://www.youtube.com/watch?v=FA

by | Mar 20, 2022 | Other | 0 comments

Understanding Cash Flows Drop Box
Video link: https://www.youtube.com/watch?v=FA0ACIOzbWc
Many companies create an annual budget which is very useful to help track and control expenses. However, companies that are making a profit may still go bankrupt if they run out of cash. Therefore, many business experts recommend companies focus more on improving cash flows, rather than focusing exclusively on making a profit.
1) Click on the link to view the video, Understanding Cash Flows.
2) Create a word document to answer the following questions related to the video:
a) What is the difference between a Budget and a Cash Flow forecast?
b) Cash flow forecasts ignore non-cash expenses. What is the name of the non-cash expense mentioned by the author?
c) The author lists six cash events to include on a cash flow forecast. What are the names of two of the six cash events?
d) When a business order identifies a future cash shortfall, what are two action plans the owner should consider to avoid running out of cash?
e) Why do you think many small business owners focus more on making a profit versus increasing positive cash flows?

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