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We know that cash and profit are not the same thing. Why? To each statement below, answer true if it is one of the reasons.
We know that cash and profit are not the same thing. Why? To each statement below, answer "true" if it is one of the reasons. - Because revenue is based on a promise to pay. - Because expenses are matched to revenue and reported with the matched revenue, not necessarily when they were paid. - Because the cash paid for capital equipment, in any one period, is not part of the calculation of profit during that period. Question 4 2 pts If a business does a good job generating its own cash, then they should be quite capable of investing in growth. A very good indicator of a strong business. What is the name of the metric that measures how well a business generates its own cash
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