Cash Management 1. Explain the difference between a joint venture and a merger. (1-2 paragraphs) 2. What is the difference between working capital and net working capital? (1-2 paragraphs) 3. What is the purpose of working capital? (1-2 paragraphs) 4. What is the working capital cycle and why must it be managed? (1-2 paragraphs) 5. Explain the potential advantage to a company of changing a weekly payroll to a bi-weekly payroll. (1-2 paragraphs)
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