income to cover all cost of production, the situation will turn to be more severe. For example, Connaught, the social housing firm, has collapsed as a result of cash flow problem, according to Guardian (2010). Guardian (2010) reported that the government cut their spending while the company was facing with its cash flow system. Therefore, the firm had not enough money to operate the business, finally it broke. However, Bradley and Cowdery (n.d.) claimed that lack of cash flow could make the company’s…
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