Asked by Thomas Scahill on Jun 16, 2024
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Richard and Samantha are charting their monthly cash flow.They have some expenses like car repairs and vacations that are not paid each month.How can they account for these non-monthly expenses?
Cash Flow
Cash Flow represents the total amount of money being transferred in and out of a business, indicating its liquidity, financial health, and ability to cover expenses.
Non-Monthly Expenses
Costs that occur on an irregular basis, not tied to monthly payment schedules, such as annual insurance premiums or bi-annual vehicle maintenance.
- Acquire knowledge on the strategies for forecasting and scrutinizing upcoming spending and savings utilizing tools for budgeting, including cash flow analysis.
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CT
Learning Objectives
- Acquire knowledge on the strategies for forecasting and scrutinizing upcoming spending and savings utilizing tools for budgeting, including cash flow analysis.