Question
Upon receipt of the budget the team manager has now informed you that all companies in the industry in which Classique Household Furnishings operates are
Upon receipt of the budget the team manager has now informed you that all companies in the industry in which Classique Household Furnishings operates are required to maintain a minimum cash balance of $140,000 each month. Based on the budget prepared, will the business be meeting this requirement? The business is already heavily indebted, so management does not wish to borrow any additional funds from outside sources. Suggest four (4) internal strategies that the business may employ in order to improve the organization's monthly cash flow. Each strategy must be fully explained.
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