Question
In: Accounting
What effect is the current COVID-19 pandemic having on the JBH and the industry it operates...
- What effect is the current COVID-19 pandemic having on the JBH and the industry it operates in?
Solutions
Expert Solution
| Effect of COVID-19 pandemic on JBH and the other industries | |||||||||
| 1) Large reduction in production during this pandemic situation due to less demand | |||||||||
| 2) As production will get effcted so many industries may get shut or liquidate. So | |||||||||
| training programe related to technology, manufacturing etc will get effected largelly | |||||||||
| 3)Lack of labour as most of worker have moved to their homwtown in this pandemic. | |||||||||
| So production will get effected. | |||||||||
| 4)Cash inflow shall be effcted as sell will get decreased as well as collection also will get | |||||||||
| effected. | |||||||||
| 5) Difficulties to manage disbursement of Salaries, Administrative and other overheads. | |||||||||
| 6) Dificult to manage Liquidity. | |||||||||
| 7) Cost cutting technique shall be effctively used by industries to sustain business, maintain | |||||||||
| liquidity and ethical standard. | |||||||||
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