=+ (c) Comment on your results, numerically reconciling the profit and loss figures wi th cash flow
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(c) Comment on your results, numerically reconciling the profit and loss figures wi th cash flow figures, and assess their implications for the company.
(d) Suppose the company is owned by a holding company and that the Managing Director has been instructed to maximize his profit while exercising firm control over cash. What are the behavioural implications of the situation you have analysed here?
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Related Book For
Accounting For Management Control
ISBN: 9780412374807
2nd Edition
Authors: David Otley And Kenneth Merchant Clive Emmanuel
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