Question
If a firm is currently profitable, then: its reported sales exceed its costs. its cash flows are known with certainty. the timing of the cash
If a firm is currently profitable, then:
its reported sales exceed its costs.
its cash flows are known with certainty.
the timing of the cash flows on proposed projects is irrelevant.
its current cash inflows must exceed its current cash outflows.
it will always have sufficient cash to pay its bills in a timely manner.
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Focus On Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
5th Edition
0077861744, 978-0077861742
