Hopeful Hearts is a charitable organisation dedicated to providing healthcare, education, and support to underprivileged communities.
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Question:
"Hopeful Hearts" is a charitable organisation dedicated to providing healthcare, education, and
support to underprivileged communities. As the organisation experiences growth in donations
and expands its programs, effective cash management becomes crucial for sustaining operations
and maximising its impact.
\"Hopeful Hearts\" receives donations from individuals, corporate sponsors, and government
grants. The timing and amounts of these donations vary, with certain months experiencing higher
inflows. The organisation incurs expenses related to healthcare clinics, educational initiatives,
and community support programs. These expenses are relatively consistent but may vary
seasonally.
a Given the nature of the organisations cash flows outflows and in flows suggest how
Hopeful Hearts can maintain an optimum amount of cash. marks
b Explain why the organisation needs to keep cash. marks
c Explain why profits earned by an entity do not necessarily translate to change in cashbank
marks
Related Book For
Introduction To Health Care Management
ISBN: 9781284081015
3rd Edition
Authors: Sharon B. Buchbinder, Nancy H. Shanks
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