Nowadays, as we can notice, there is certainly increasing business competition, the culture becomes knowledge-based, and promptly changing technology convert most characteristics of the working life of a small firm. Indeed, coping with that alterations are certainly a must.
To start this up, cash management is a technique not only in managing the money in business but also on how they are able to make it become progressive. It involves tactical and strategic aims related to the financial resources of the business and it’s a way of making money and supplements value for the owners. The skills and qualities of a person that is handling in a certain business are very significant, because it is one of the foundations or an asset of every
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It is how we pay our bills. It is how we get paid for our labor or other services.” It is the major resources of our daily living. People are working to have money for them to use in buying the things they needed and wanted. In a practical viewpoint, money is the most powerful thing that has ever existed. So, cash is the symbol of having money which is used of every people in exchanging things and value. (Sartoris & Hill, 1993)
Browne et.al (2011) says that vending is an essential part of urban life. It exists in cities around the world and takes many different forms, each of which complement and benefit the City and its population. Many street vendors sell standard food items such as hamburgers, hot dogs, chips, fruits, pastries and salads, and soft drinks, coffee, tea and juices as well as specialty food items such as ice cream. Some of them sell merchandise such as shawls, t-shirts and other clothing items, and jewelries, etc. According to the article in Philippines Today (2013), the micro-entrepreneurs in the Philippines are the owner of sari-sari store, jeepney and tricycle drivers, market vendors, and sidewalk vendors. Many small entrepreneurs face the challenges of a highly competitive market with the lack of principal, credit and other means, as well as lack of funding and business know how. For Filipinos, having their own business is a big accomplishment even if it is very small.
In Cormac McCarthy’s book No Country for Old Men, the main character Llewellyn Moss finds himself in a pretty scary position. He found a bag filled with millions of dollars and there are a lot of people hunting for him, to get that money. He is running for his life for most of the book. All of which is because Moss loved the power of money. Although you need money for material possessions and services, money corrupts you to be motivated to do bad things.
First off, he uses personification referring to money being able to talk, giving it human qualities. Money is something that travels from person to person and there is no way to keep track of where money is going or where it is coming from. It is a metaphor because money is something that is dirty and you would not be willing to put it in your mouth. However, people put money where their mouth is when they want to prove a point. Money has this certain sense of power. People know that you are very sure about a point you want to be made when you start to involve money.
The world revolves around money. Those small little coins and paper notes control the modern society. People who have money in abundance or enough to live a comfortable life see money as a positive object and as a source of success. However, people who are unfortunate enough to not have a sufficient amount of money, see money as an unfair and cruel means to live by. This wealth gap has been prominent throughout history and still is today.
“Money is a means of payment, store value, and a unit of account” (Case, Fair, & Oster 2011). Money is our economy’s barter. Instead of providing goods and services to get other good and services, money is that form of exchange. For example, you can easily go to the store with money and buy a gallon of milk. Money is a store of value; for instance gold and silver. Money gives purchasing power from one period to another, in other words it can be (look for “USED”)r ver time. As mention in the class lectures, we rely on checking and saving accounts for this. Money is a unit of account; it provides a common base for prices. We can add up goods to their dollar and cent value.
An individual stock's diversifiable risk, which is measured by the stock's beta, can be lowered by adding more stocks to the portfolio in which the stock is held.
As technology continue to refine how products and services are delivered to consumers, competition among industry participants becomes more refined. Organizations that are able to keep up with changing technologies become leaders while those that are not fall behind. Mergers and acquisitions are increasing while causing small businesses to sell out or seek partnerships and cooperatives in order to remain competitive and relevant.
Money is the life force of all of society. In every aspect, money determines the value of good, services, and even people’s lives. As we breathe air to function, society relies on finances to function. And if society, the unity of humanity, relies on money, than the leaders of society want to limit and control it to withhold their power over humanity. They do this by limiting what can be bought and sold, while also controlling how much different things cost. These limitations allow our leaders to control our money and, through that, our value and influence to society.
As we have learned in previous modules, cash is one of the most important assets for any business because it easily can be converted or exchanged to any other type of asset or service. So, when cash is not managed correctly, it can generate serious problem and unbalances to the company that could lead to bankruptcy if they are not detected and fixed on time. So, one effective way to managed cash appropriately is by keeping track of how cash is being used and the cash flow will provide details of the business financial activities.
Financial Management is a critical aspect of any business in order to achieve a sustainable and efficient cash flow. It is essential in maintaining the link between a business’s future financial goals (profit maximization) and the resources that it has in order to achieve its objectives. Businesses demand certain common goals that increase a bussiness's all around achievement, Some of which involve; growth amongst assests, An increase in efficiency in all areas of the business whether it be management or not. And the ability to meet short term and long term debts. Finacial management undertakes the responsibility to implement and acheive these goals for the business using a range of strategies shaped to meet the needs of the business and
Americans usually limit the term "Money", to simple monetary units; however, "money" encompasses more than simplistic pieces of metal and paper, cash in the bank, or credit. Money includes anything that you can trade for something else including, but not limited to, skills, talents, a strong body witht he ability to work, and essential knowledge.
class he had missed had been devoted to a lecture and discussion of the statement of cash flows, and
The management of cash is essential to the survival of any organization. Managing an organization’s financial operation requires knowledge of the economy and ways to maximize revenue. For any organization to operate on a daily basis adequate cash flow is required. Without cash management the organization will be unable to function because there is no cash readily available in case of inconsistencies in the market. Cash is also needed to keep the cycle of the company’s operations going.
The receivable turnover ratio decreased slightly from 2013 to 2014 due to the increase of 67 million in receivables compared to the increase of $245 million in Sales. This ratio for Macy’s implicates that they collect on what customers, vendors, and suppliers owe to them quite often throughout the year.
Personal hygiene was not also observed, as the vendors never covered their heads, handled money and food at the same time and they did not wear overcoats/aprons and handled food with bare hand. Street food vendors were not aware of hygienic and sanitary practice. The food is sold to unsuspecting clients who are likely to get food-borne diseases. Street food is food obtainable from a street side vendor, often from a makeshift or portable stall. While some street foods are regional, many are not, having spread beyond their region of origin. The food and green groceries sold in farmers' markets may also fall into this category, including the food exhibited and sold in gathering fairs, such as agricultural show and state fair. Most street food is both finger and fast food. According to the Food and Agriculture Organization, 2.5 billion people eat street food every day. People have a tendency to rely more and more on street vended foods to save significant time and energy since there is an