Question
If a firm is currently profitable, then: its reported sales exceed its costs. its current cash inflows must exceed its current cash outflows. the timing
If a firm is currently profitable, then: its reported sales exceed its costs. its current cash inflows must exceed its current cash outflows. the timing of the cash flows on proposed projects is irrelevant. its cash flows are known with certainty. it will always have sufficient cash to pay its bills in a timely manner.
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Legal Handbook For Financial Planning In 2019
Authors: Allen Buckley
1st Edition
1091578826, 978-1091578821
