[재무 행정]재무행정론

목차

1.Working capital has been compared with “cash register money.”

2.Why does an organization keep cash?

3.Can a profitable organization run out of money?

본문내용

1. Working capital has been compared with “cash register money.” Explain.

Working capital is defined as the organization’s current (short-term or near term) assets less its current liabilities. This is essential to any organization. At times, it has been compared with cash register money.
Each day when a store opens for business, there must be some money in the cash register to make change for the first customer. That customer may not have the exact amount of purchase. Also, the store will have to pay its suppliers and employees with money from the cash register, even if it has not yet received payment for everything that it has sold. In similar fashion, every organization needs some cash to pay bills and employees.

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