Question: Please solve this question. Individual assignment The aim of the individual assignment is to consolidate your understanding of the difference between profit and cash, and

Please solve this question.
Individual assignment The aim of the individual assignment is to consolidate your understanding of the difference between profit and cash, and the importance of different performance measures used in business. Question (i) The cash movement in the year will generally never equal the profit earned in the year. With reference to the cash flow statement, explain the difference between profit and cash and include a numeric example to illustrate your answer. Cash is only one factor monitored by business; identify and discuss other financial and non-financial performance measures businesses should monitor. (ii)
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