Read the posted questions and provide answer in APA format and 300 words.

 Tips: 

 300 words and require some information from the text, academically reviewed papers, some significant commentary that requires knowledge of the subject matter, a web link to an article or other source in order to be accepted. 

Part 1: Importance of Cash

Generating cash is the ultimate responsibility for managers today. Cash and cash flow are considered the "life blood" of a business.

How important has cash generation been for your current company or a prior employer? How is cash generation different from the concept of profit and loss (P&L) in accounting? Provide an example of how a company manages cash flow.

Part 2: Application of Concepts

Based on the materials presented in chapter 4, discuss how the concepts presented in that chapter can be used in managerial decision making. Be specific and give examples based on your experience or research.