What does short$-$term financial planning involve?

Provide a description of the financing cash implications associated with a venture$$s need for additional funds.

What is meant by a cash budget? Describe how a cash budget is prepared.

Besides the cash budget, what additional financial statements are projected monthly in conjunction with short$-$term financial planning?

What is meant by a venture$$s operating cycle?

Describe the cash conversion cycle

$($

C

$3$

$)$

What are the three components of the

C

$3$

$?$ How is each component calculated?

Briefly explain how changes in the conversion times of the components of the

C

$3$

can be interpreted.