Question
A. Discuss the crucial importance of cash to a business. Is the profit that a business makes a reliable indicator of its cash balances? (400
A. Discuss the crucial importance of cash to a business. Is the profit that a business makes a reliable indicator of its cash balances? (400 words explanations with references)
B. What is the reason for the existence of Corporate Governance? Discuss some principles of good governance as described by the Corporate Governance Code. (500 words explanations with references)
C. Define Gearing and explain its advantages and disadvantages. Why might a bank be interested in a company's level of gearing? (400 words explanations with references)
Please answer all the questions in detail.
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