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Provide a Short Answer to Each of These Questions

question 80

Essay

Provide a short answer to each of these questions. Be sure to fully explain your answer.
-Assume that you are the general manager at a plant that will be closing in one year. It is a small plant, and so is not subject to the Worker Adjustment and Retraining Notification Act (WARN). Should you give your employees advance notice of the closing? Why or why not?


Definitions:

Cash Balance

The amount of cash held by a company at a given point in time.

Minimum Cash Balance

The lowest amount of cash that a company aims to hold in its bank accounts at any time to meet routine operational expenses.

Cash Receipts

Money received by a business, including payments from customers, cash sales, and other sources of income.

Budgeted Beginning

The initial planned value or quantity for financial accounts or inventory levels at the start of a budget period.

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