Question

In: Finance

The ability to forecast the upcoming needs is important - but probably the most important, yet...

The ability to forecast the upcoming needs is important - but probably the most important, yet often overlooked need is that of cash. In business it is important that you have the raw materials, labor, capacity, sales, etc. to perform your functions as a business - but if you do not have cash when you need it, then you will have major problem. Many times we do this intuitively - I know every year approximately how much I will owe the IRS for federal taxes due in the middle of April, so I plan to have cash at the ready. However, many expenses in our lives 'pop' up - like a car problems that cost hundreds/thousands of dollars - how will we deal with these crises when they happen?

What examples do you have in forecasting for cash needs? This can be painful learning experiences or the successes you have had in appropriately planning.

Solutions

Expert Solution

jeff jeffy answered 1 year ago
Next > < Previous

Related Solutions

Intangibles can be one of the most important yet most undervalued assets on a company balance...
Intangibles can be one of the most important yet most undervalued assets on a company balance sheet (if recorded at all). Pick a company that has an intangible asset (recorded or not) - tell us what it is, how it's beneficial to the company and how it was developed or purchased.
The gains from expanding trade are probably most important for the low-income economies in the world...
The gains from expanding trade are probably most important for the low-income economies in the world as opposed to the gains though trade benefitting the USA. Why might this be so? Offer at least three different reasons comparing and contrasting the USA economy with that of smaller nations.
Taxes are probably the most important aspect of personal financial planning. Compare, contrast and comment on...
Taxes are probably the most important aspect of personal financial planning. Compare, contrast and comment on the lifetime financial effect of not making an IRA contribution, a traditional IRA contribution and a Roth IRA contribution. Assume a 50% tax rate, 50 years and 15% compounding.
One of the most important investment concepts is diversification, and yet it's also one of the...
One of the most important investment concepts is diversification, and yet it's also one of the most overlooked. a. Explain, in your own words, how investing in a portfolio of securities will reduce risk. b. Why there are a couple risks diversifiable and a couple risks non-diversifiable? c. Provide an example of each one.
The simple harmonic oscillator (SHO) is probably the single most important approximation for describing small displacements...
The simple harmonic oscillator (SHO) is probably the single most important approximation for describing small displacements about stable equilibrium positions. Why is it that the SHO approximation actually works? What are the limitations of the SHO?
Discuss the activity that you feel is one of the most important that needs to be...
Discuss the activity that you feel is one of the most important that needs to be done as part of closing a project? What are the risks of skipping this activity? What is one crucial question that you could ask during a post-project evaluation and how could you use what you learn to improve the next project.
Discuss the activity that you feel is one of the most important that needs to be...
Discuss the activity that you feel is one of the most important that needs to be done as part of closing a project. What are the risks of skipping this activity? What is one crucial question that you could ask during a post-project evaluation and how could you use what you learn to improve the next project.
1) What are the most important functionalities of the EHR that needs to be implemented at...
1) What are the most important functionalities of the EHR that needs to be implemented at the practice? 2)I s it possible for any existing Practice Management Systems to be integrated with the EHR? 3) Identify any two critical challenges in implementing the EHR. 4) Identify any four critical advantages the EHR would provide to the practice. 5) How you would manage the project planning and implementation of this EHR? 6) Explain the technology security considerations and how HIPAA governs...
Introduction: Having the ability to effectively communicate is one of the most important skills a business...
Introduction: Having the ability to effectively communicate is one of the most important skills a business executive can possess. As French businesswoman and author Mirelle Guilliano has said, “Intelligence, knowledge or experience are important and might get you a job, but strong communication skills are what will get you promoted.” My own business experience supports this statement. By the time individuals have a few years of experience, they have great technical skills and can assemble, analyze, and categorize data to...
Introduction: Having the ability to effectively communicate is one of the most important skills a business...
Introduction: Having the ability to effectively communicate is one of the most important skills a business executive can possess. As French businesswoman and author Mirelle Guilliano has said, “Intelligence, knowledge or experience are important and might get you a job, but strong communication skills are what will get you promoted.” My own business experience supports this statement. By the time individuals have a few years of experience, they have great technical skills and can assemble, analyze, and categorize data to...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT