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Is it more important for an entrepreneur to track cash or profits?
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The importance of the cash book to businesses?
The major importance of a cash book,Cash book keeps track of the petty cash purchases that would easily slip throughShows how much money the business has from time to timeIt is highly important for the operational functioning of an organization
What is the double entry for dividends paid?
DR Retained Profits (in BS) CR Cash/Bank (in BS)
Which type of expenditure would probably be the hardest for an individual to track?
Cash
Cash flow rather than accounting profits in determining the value of assets?
You will want to use cash flows because that is what's being used. It shows you what's going in and out
Sample problem about cash and cash equivalents?
This is a great way to figure out how to keep track of your assets. You can find sample problems of this online.
What troubles will an entrepreneur face if she or he tracks only cash and ignores profits?
A shortfall next year.
Cash flows more important than profits?
1. Why are we interested in cash flows rather than accounting profits in determining the value of an asset?
What was the impact on the world from cash registers?
The cash register changed society by making it easier to keep track of the profits made. So it stopped employees from stealing the money from the owner of the establishment. with the cash register it made businesses expand out more and people save more
How did cash registers change society?
The cash register changed society by making it easier to keep track of the profits made. So it stopped employees from stealing the money from the owner of the establishment. with the cash register it made businesses expand out more and people save more
Can you give me a sentence using the word boomtown and entrepreneur?
The raw boomtown was ripe for an enthusiastic entrepreneur to step in with some hard cash.
Who receives the profits from cash crops?
The owners of the company
The importance of the cash book to businesses?
The major importance of a cash book,Cash book keeps track of the petty cash purchases that would easily slip throughShows how much money the business has from time to timeIt is highly important for the operational functioning of an organization
What is main thing of cash flow?
(a) It needs to be positive, and (b) cash flow without corresponding profits ultimately results in disaster.
An increase in sales and profits generates the necessary cash required for economic growth?
An increase in sales and profits does not necessarily mean an economy will grow. The economy will only grow if the sales and profits are substantial in size.
Types of enterpreneur?
There are seven basic personality types of entrepreneurs. The Manager Entrepreneur who is in control, The Setup For Failure Entrepreneur who always has back up plans, The Lifestyle Entrepreneur who thinks they can change customers lives, The Cash-flow Entrepreneur who usually makes very little because they reinvest so much to the company, The Wannabe Entrepreneur who always dreams and talks but never tries, The Headlines Entrepreneur who becomes successful, and The Better World Entrepreneur who is into charity.
What is the double entry for dividends paid?
DR Retained Profits (in BS) CR Cash/Bank (in BS)
What is the primary purpose of a cash budget?
The primary purpose of a cash budget is to limit spending. A cash budget can also help people track their spending.
