What is money and how does it differ from profits? 


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What is money and how does it differ from profits? 


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Analyze why it is important to plan for the amounts and timing of cash inflows and outflows. In your answer, address the following questions:

•What is money and how does it differ from profits?
•How do the the economic and accounting definitions of cash differ?

Provide additional research to support your answer to the discussion question.