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Managing Cash Flow
Please respond to the following:
• Analyze the steps involved in preparing a cash budget and determine which steps presents the greatest number of obstacles to the greatest number of small businesses. Explain your rationale.
• Analyze the steps involved in avoiding a cash crunch and make at least one additional recommendation for doing so. Provide specific examples to support your response.
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Why do you think profit-sharing and lump-sum provisions have increased in usage in recent years, while COLAs and wage reopeners have decreased in use?
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