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Profit Does Not Equal Cash (and You Need Both): Financial Intelligence for Entrepreneurs - John Case, Karen Berman, Joe Knight
Profit Does Not Equal Cash (and You Need Both): Financial Intelligence for Entrepreneurs
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Why is profit not the same as cash coming in? There are three essential reasons: revenue is booked at sale, expenses are matched to revenue, and capital expenditures don't count against profit. Entrepreneurial businesses may face periods of fluctuating sales--which can wreak havoc on an... show more
Why is profit not the same as cash coming in? There are three essential reasons: revenue is booked at sale, expenses are matched to revenue, and capital expenditures don't count against profit. Entrepreneurial businesses may face periods of fluctuating sales--which can wreak havoc on an entrepreneur's cash flow, even if they don't affect profitability.
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Format: Digital
ASIN: B001Q95XIS
Publisher: Harvard Business School Press
Pages no: 11
Edition language: English
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Books by Karen Berman
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