Problem
A. What is one specific cash management payment strategy and one specific cash management collection strategy can you, the Chief Financial Officer, employ to mitigate any cash shortages? Be certain to name the specific account (s) for your recommendation and the mechanics of that strategy. Include quantitative data in your response?
B. Explain the extent of obligation of Westmark Industries to make payment of the March dividend / cash outflow payment. What recourse would Westmark Industries shareholders have if management opted not to make the March dividend payments? As the CFO, why would you /would not /make the dividend payment? To what extent might your job be in jeopardy?