Question $1$

Why is it crucial for a financial manager to understand the timing

of cash flows within the firm?

It determines the company's capacity to secure additional debt

financing.

It plays a pivotal role in optimizing the schedule for dividend

distributions.

It is essential for forecasting future interest rates with precision.

It directly influences the firm's approach to predicting stock market

movements.

It ensures the firm's ability to meet imminent liabilities as they arise.