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Q. Degree of uncertainty in predicting cash balances?
Probability approaches identify a degree of uncertainty in predicting cash balances and allow for a range of outcomes to occur. If the assessment of such likelihood is accurate then cash resources can be put in place in readiness for the predicted events. The method isn't wholly reliable in situations where the number of potential outcomes is small since unfeasible expected outcomes may be predicted by using a probability approach.
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Adapted from: Henderson, S, Peirson, G & Herbohn, K 2008, Issues in financial accounting, 13th edn, Pearson Education Australia, Frenchs Forest.For each of the following independen
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I should write assignment on financial management ,but have no idea how to start and how to develop. Please help me
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