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I need help creating a thesis and an outline on Managing Financial Resources and Decisions: Self-Evaluation. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstra
I need help creating a thesis and an outline on Managing Financial Resources and Decisions: Self-Evaluation. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. In my scenario, I used First In, First Out (FIFO) method due to its relevancy in the industry. And, a number of small companies in the bakery and confectionery industry prefer to avail this method. In addition to that, I found the significance of the cash budget for a small business as well. For example, if a small business owner does not maintain a cash budget, he or she would not be in a position to know how much cash is remaining and how much it is going to be expensed. Moreover, I also gained an access to the notion that it is development of a cash budget that enables the owner to make economic decisions and at the same time control and manage its expenses by maintaining a balance between the cash inflows and outflows.