“Businesses from all walks of life are haemorrhaging cash as the COVID-19 pandemic sweeps the globe.” This statement is mentioned in the required reading, explain what the statement above means in terms of its impact on ‘cash flows’ to be generated from operating, investing and financing activities. You may use a relevant example from your own community to answer this question and supported with evidence from the required reading.
Answers
Explanation:
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Covid impacts businesses
Explanation:
The global economy has dealt a severe blow due to the Covid-19 pandemic. Many businesses all over the world have been in a free-fall since March. This is due to the quarantine measures ordered by several governments causing business shutdowns, travel restrictions, lost revenue, staff layoffs and disrupted supply chains. Uncertainty about the outbreak’s trajectory remains the biggest obstacle in visualizing any signs of recovery. Businesses from all walks of life are hemorrhaging cash as the COVID-19 pandemic sweeps the globe. Receivables are being delayed, stock is stagnant, raw materials are not procured, manufacturing is stalled, staff are laid off, no sales of processed good, so there is no inflow of cash into any business. Government stimulus payments are expected to keep economic activity ticking during this hibernation period, providing some hope.