What action would be needed by management if a shortfall?
Learning is enhanced when you take time to reflect on the process. Each week, you will have a reflective Journal assignment that asks you to do just that. Write a one-page reflection that answers the questions given. This is a graded learning assignment.
Please review the Cash Flow Analysis for Rainbow Place in the text, Figure 6.7. As you may notice, the figure shows an anticipated negative cash balance for January.
Please respond to the following:
What factors account for how the center ended the month with a positive balance of $655?
What action would be needed by management if a shortfall?
Imagine you are the manager of your own early childhood care facility. How will you address differences in estimated vs projected budgeting?
Submitting Your Journal
Please submit your Journal to the Unit 3 Journal Dropbox.
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