In November 2024
Answer to Question #299699 in Economics for Margaret
A company is not happy with its results from last year and is struggling to pay its bills. They want to improve their results for next year.
Give the company tips on how to do this. Answer the question in a detailed and nuanced way, using economic concepts.
Tips To Help Improve Your Company's Cash Flow:
- Anticipate and Plan for Future Cash Needs.
- Improve your Accounts Receivable.
- Manage your Accounts Payable Process.
- Put Idle Cash to Work.
- Utilize a Sweep Account.
- Utilize Cheap and/or Free Financing Options.
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