Post your thoughts on the following scenario (300 words+10%).
Describe the seasonal scenario that can influence a restaurants cash flow within one year of operation. In the scenario, your business faces a cash flow issue, and you just have USD15,000 in your account. Which of the following payments are you going to initiate first and why?
Outstanding payment to your main supplier which supplies the main fresh ingredients daily (USD 9,500).
Utility bill that you have received the second warning (USD 3,500).
Monthly Payroll which is overdue for 10 days (USD 17,000).
Monthly rent which you have not paid for 3 months (USD 10,000).
