Question

In no less than 200 words doscuss: A quarterly review sometimes is done to make sure...

In no less than 200 words doscuss:

A quarterly review sometimes is done to make sure that there is sufficient capital to keep meeting targeted goals along the way.  

What are proposed next steps in the event a situation arises where insufficient funds occur in the 4th quarter of year 1? What will happen in 1QTR year 2?
Business   Operations-Management   
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Answer #1

If there are insufficient funds for the 4th QTR, the first step is to ensure that all outstandings payments are collected as soon as possible.This will ensure that some amount of cash is available to run the business.The next logical steps would be to borrow from the bank in the form of working capital loans. The business can also ask the shareholders to pump in additional funds or can float bonds to raise more money.

If the cash runs out in qtr 4, then there wont be enough money to keep the business running for qtr 1 of year 2.Therefore, the business will face a crisis of whether it is a going concern or not and will be bankrupt.

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