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PERFORMANCE MANAGEMENT REQUIREMENTS (continued) NHC would like its investees to maintain a minimum cash balance of $3 million at the end of each month. Elcar

PERFORMANCE MANAGEMENT REQUIREMENTS (continued) NHC would like its investees to maintain a minimum cash balance of $3 million at the end of each month. Elcar has recently submitted its six-month cash flow forecast. Denise would like you to review it and make any changes you believe are necessary. If, while reviewing the forecast, you notice any areas where Elcar could reduce costs, you are asked to note them. Sam told Denise they are investigating the possibility of paying the vehicle and battery assembly employees strictly by piecework. Denise asks you to analyze this form of compensation and provide your recommendation. In addition, Denise wants a quantitative and qualitative analysis of the electric bicycle proposal, and a recommendation on whether to pursue the venture. Denise asks you to recommend changes that would improve

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