In this chapter you learned that companies prepare a statement of cash flows in order to keep
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Question:
Instructionsn
Read the article (“Financial Uh-Oh? No Problem”) provided atn
(a) Describe the three factors that determine how much money you should set aside for short term needs.n
(b) How many months of living expenses does the article suggest to set aside?n
(c) Estimate how much you should set aside based upon your current situation. Are you closer to Cliff’s scenario or to Prudence’s?
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