Business Finance Homework Help

Welcome to Week 4! This week we are learning about the differences between profit and cash. Warren Buffet is a highly respected business person and once made this pertinent statement: “cash to a business is like oxygen to an individual”. Here is his quote:

https://quotefancy.com/quote/931410/Warren-Buffett-Cash-though-is-to-a-business-as-oxygen-is-to-an-individual-never-thought (Links to an external site.)

What does Buffet mean? Does this make sense?

Let’s also discuss accounting from Chapter 4 of the CapsimCore Business Primer eTextbook.

• Describe the difference between profit and cash.
• What are the differences between cash from operating activities, cash from investing activities, and cash from financing activities?

Please use citations for each answer as well as an in depth explanation.