Critically evaluate and conclude what is more important to a business profit or cash? Why?
Question:
Critically evaluate and conclude what is more important to a business – profit or cash? Why?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
Profit and cash are both important to a business but there are some key differences between the two Profit refers to the revenue generated by a busine...View the full answer
Answered By
Kenneth Mutia
I have a B.S. in Statistics from the Jomo Kenyatta University of Agriculture and technology. I have been an academic tutor for over 3 years. I have a passion for helping students reach their full potential and am dedicated to helping them succeed. I am patient and adaptable, and I have experience working with students of all ages and abilities, from elementary school to college in their various fields. I have a wide scope of diverse tutoring experience in several courses of study with significant success as a tutor.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting For Non Accounting Students
ISBN: 9781292286938
10th Edition
Authors: John Dyson, Ellie Franklin
Question Posted:
Students also viewed these Business questions
-
What is more important to BP's brand: its reputation for family-friendly dining or its commitment to sound business philosophy? Support your answer.
-
What is more important to BPs brand: its reputation for family-friendly dining or its commitment to sound business philosophy? Support your answer.
-
What is more important to BPs brand: its reputation for family-friendly dining or its commitment to sound business philosophy? Support your answer.
-
Assume a companys estimated sales is 27,000 units. Its desired ending finished goods inventory is 5,000 units, and its beginning finished goods inventory is 3,000 units. What is the required...
-
Suppose you want to estimate the proportion of students at your college who are left-handed. You decide to collect a random sample of 200 students and ask them which hand is dominant. Go through the...
-
An ideal gas is taken through the three processes (A B, B C, and C A) shown in the drawing. In general, for each process the internal energy U of the gas can change because heat Q can be added to or...
-
A city uses a water tower to store water for times of high demand. When demand is light, water is pumped into the tower. When demand is heavy, water can flow from the tower without overwhelming the...
-
Caswell Enterprises had the following end-of-year stock prices over the last five years and paid no cash dividends: Time Caswell 1 ........$10 2 ........ 15 3 ........ 12 4 ........ 9 5 ........ 10...
-
For problems 5 and 6, find the sum of the series described. 5. a, 2, r=5, ^=10 6. 2+ 6+ (-18) + n=12
-
Use Bairstow's method to determine the roots of a. f(x) = 0.7x3 - 4x? + 6.2x 2 b. f(x) = -3.704x3 + 16.3x2 - 21.97x - 9.34 c. f(x) = x* - 2x3 + 6x2 2x + 5
-
How does depreciation affect the cash balance?
-
What is meant by disclosure of information?
-
The Camino Real Landfill was required to install a plastic liner to prevent leachate from migrating into the groundwater. The fill area was 50,000 m 2 and the installed liner cost was $8 per m 2 . In...
-
Question Content AreaMichaela is in the business of creating posters (display art) for the movie industry. She creates a poster and sells it for a lump sum. She has: a. Sold a capital asset. b. Sold...
-
Do you think most people have a shared understanding of the definition of "ethics"? Share 1-2 examples to support your opinion. Looking back on your previous employers, have you experienced ethical...
-
Complete the following requirements: Describe the components of the common body of tax law (CBOTL). Include in your response answers to the following questions: * What role does the U.S. Congress...
-
Explain the common law system of precedent in the US (based on English law). Differences between common law versus civil law (used in other countries)
-
You are the CISO at 123 Stores Inc. Your department performs an annual risk assessment. Your greatest concern in relying on your department's peformance of the assessment in developing...
-
Entities must juggle the costs of holding cash with the costs of not having enough cash. Explain and discuss.
-
The Taylor's series expansion for cosx about x = 0 is given by: where x is in radians. Write a user-defined function that determines cosx using Taylor's series expansion. For function name and...
-
Many producers are now seeking new opportunities in international markets. Are the opportunities for international expansion equally good for retailers? Explain your answer.
-
Discuss how computer systems affect wholesalers and retailers operations.
-
Consider the evolution of wholesaling in relation to the evolution of retailing. List several changes that are similar, and several that are fundamentally different.
-
A boy of mass 48 kg climbs up a ladder until he is 3.4 m above the ground. How much gravitational potential energy has he gained? 5pts
-
A charge of 225 C is at the center of a cube of edge 65.0 cm. No other charges are nearby. (a) Find the flux through each face of the cube! 7.05 X Your response differs significantly from the correct...
-
what extent does trust facilitate effective leadership and governance, enabling leaders to inspire followership, foster collective action, and navigate complex socio-political dynamics with...
Study smarter with the SolutionInn App