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Question 5 Harry, Irene and Henry are the directors and shareholders of Tomb Raider Pty Ltd. T swimming pool construction company. The market for pools

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Question 5 Harry, Irene and Henry are the directors and shareholders of Tomb Raider Pty Ltd. T swimming pool construction company. The market for pools in Australia is very strong and highly competitive. Each of the di this by devising expensive advertising campaigns, and attempting to undercut their co Unfortunately, Harry, Irene and Henry are not good financial managers. In recogn employ a financial accountant, Brad, to manage the financial side of the business. Bi salary for this, but he has no say in the company's activities. Brad advises Harry, Irene and Henry that they have to refrain from their undercutting their cash flow position is in peril. The directors tell Brad not to interfere in manage just make sure there is money to pay the subcontractors. Brad finds this increasingly di to undertake a programme of only paying select creditors. The company has few option sufficient cash to fund continuing operations

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