Question
Erick's Transition Erick is currently a manager of a small financial planning firm. He is seeking a new career with a large corporation in the
Erick's Transition
Erick is currently a manager of a small financial planning firm. He is seeking a new career with a large corporation in the banking industry. He recently applied for the financial manager opening at G & T Bank. He is concerned that the transition from his small firm to a large corporation will be difficult. To better prepare himself for this change, he has decided to enroll in a few business classes to strengthen his understanding of corporate finance. The business classes have proven to be a valuable tool for learning the critical skills needed to fully understand a financial plan, equity financing, and debt financing. Erick now believes he has strengthened his competitive advantage in his quest for the job.
Refer to Erick's Transition. Having taken the classes, Erick should describe cash flow as which of the following?
a. | Money that will be used for longer than one year | |
b. | The movement of money into and out of an organization | |
c. | Money that will be used for one year or less | |
d. | Proceeds from any sales transactions only | |
e. | The movement of money from one account to another |
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