Erick is currently a manager of a small financial planning firm. He is seeking a new career with a large corporation in the banking industry. He recently applied for the financial manager opening at G & T Bank. He is concerned that the transition from his small firm to a large corporation will be difficult. To better prepare himself for this change, he has decided to enroll in a few business classes to strengthen his understanding of corporate finance. The business classes have proven to be a valuable tool for learning the critical skills needed to fully understand a financial plan, equity financing, and debt financing. Erick now believes he has strengthened his competitive advantage in his quest for the job.
6. Refer to Erick's Transition. Having taken the classes, Erick should describe cash flow as which of the following?

A. The movement of money from one account to another

B. Money that will be used for one year or less

C. The movement of money into and out of an organization

D. Money that will be used for longer than one year

E. Proceeds from any sales transactions only

Question

12-05-2020
Business

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Erick is currently a manager of a small financial planning firm. He is seeking a new career with a large corporation in the banking industry. He recently applied for the financial manager opening at G & T Bank. He is concerned that the transition from his small firm to a large corporation will be difficult. To better prepare himself for this change, he has decided to enroll in a few business classes to strengthen his understanding of corporate finance. The business classes have proven to be a valuable tool for learning the critical skills needed to fully understand a financial plan, equity financing, and debt financing. Erick now believes he has strengthened his competitive advantage in his quest for the job.
6. Refer to Erick's Transition. Having taken the classes, Erick should describe cash flow as which of the following?

A. The movement of money from one account to another

B. Money that will be used for one year or less

C. The movement of money into and out of an organization

D. Money that will be used for longer than one year

E. Proceeds from any sales transactions only

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peaceazuka peaceazuka · Answer 1 · 2020-05-17T03:44:36+02:00

Answer:

The answer is option C) The movement of money into and out of an organization

Explanation:

Cash flow literally mean the flow of cash into a business and out of it.

however, in corporate finance, it is broken down further according to application.

The definition of cash flow that applies to Erick in this scenario is the movement of money into and out of an organization.

The role of financial manager involves ensuring that a organization remains profitable by setting up the right accounting structures and applying the right procedures in the management of cash-flow into and out of an organization.