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Topic: |
Business
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Number of pages / Number of words: |
3 / 561 |
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Again, if the company is not able to meet their obligations, vendors could change their terms to COD or have them prepay their supplies. Every employee's job has some type of effect on the financials. Most employees are aware of budgets and goals and how their performance relates to whether or not they meet these goals...
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Each employee should be interested in the Income Statement, the bottom line would show if they need to start looking for a new job. If the company is still able to operate with a net loss, the employee should not expect any type of huge raise or year end bonus.
All financials provide useful information to individuals or organizations that have ties to the company...
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