FIN 305 Chapter Notes - Chapter 3: Accounts Payable, Bes, Retained Earnings
24 Sep 2016
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Entity needs to generate cash from operations to fulfill stakeholders" needs. It"s possible to have positive cash flow and still run out of $ Main expectations of the be by key stakeholders: founders survive; become profitable; grow/scale up; cash flow. Investors need be to grow significantly, not just survive; scale up; rev. s (grow this more than grow expenses) and profits significantly; pay dividends (cash along the way, small portions of profits paid) (maybe) *generally get their money by selling be to other interested investors, not directly from the be: lenders survive; generate positive operating cash flow. Important to key stakeholders: survive/endure, growth, profitability, cash flow (from good cash management) Start with the end in mind. - stephen covey. The fundamental decision: ________ ( that thing you do ) Each decision has 3 possible outcomes: start , continue , or stop Not yes/no, or do/don"t, b/c these imply it is a one-time thing. Execute: plan, organize, direct, monitor, control (manager)
