Watree Lodge and Greenville Restaurant Essay Example

In order to effectively control cash flow, it is essential for Wetware Lodge's management to prepare and utilize cash budgets to manage inflows and outflows. These budgets enable the management to determine whether the business has sufficient cash to meet its financial obligations. By forecasting potential shortfalls or surpluses, the management can make informed decisions on investing or borrowing in advance. It is recommended that they collect the thirty percent credit sales sooner than the suggested two months to increase available cash for investing in cash flow generating assets. Additionally, offering discounts on cash sales can save commission fees normally paid to