1.1BACKGROUND TO THE STUDY
History of various developing countries has shown that industrial revolution had been the main brain behind their economic survival their great financial strength was built up principally through the acquisition of industrial and technological power. Medium scale firms indisputably constitute the bed rock for meaningful industrialization and consequently the acquisition of industrial and technological power. Without exception all sign industrial organizations either multinational or indigenous started in a small way or their own various levels.
It is observed that the distress to establish medium scale enterprises is the underlying factor of an individual action to help the developing country as a whole. It is the largest single programme and one of the municipal instruments of community development. To sustain the continuity of a medium scale enterprises though cash and it’s effective utilization is a necessity. Cash has been as the life, blood of any enterprises. Every business organization needs cash to invest in operations, to pay it’s obligation as they become due to and to provide rheum to investors in the form of interest and individuals. Cash is the money which a business organization and disburse immediately without any restriction. What is regarded as cash, with regards to a medium scale firm, undertaking includes coins, currency and cheques held by an organization and balances in it’s bank accounts and marketable securities or bank fine deposits, all being equivalent of cash since cash is one of the most useful resources of any organization, it is necessary to special attention to cash to ensure it’s proper utilization.
Mr Biggs, a reputable medium scale firm in Enugu Metropolis concentrates on the production of high quality bread, cakes, snack and all kind of food out side the buying and selling out fit. Concentration of many other medium scale firm, quicker and more money by buying and selling satainly, this is only for a short period but it ensures a longer and lasting profit.
However, noticeable features of medium scale firm are that of concentration in the hands of one or a few persons. These people exercise most of the controls necessary for running the firms and because they are directly involved on the business the nature of control differs from what would be expected in a big organization where ownership and management are separated and an elaborate administration structure is a necessity.
TABLE OF CONTENT
Table of content
1.1Background of the study
1.2Statement of the study
1.3Objectives of the study
1.5Significance of the study
1.6Scope of the study
1.7Limitations of the study
1.8Definition of terms
2.1Review of related literature
2.2The proper and effective cash management
2.3What medium scale firms are
2.4Relationship to the study
2.5The aid and techniques towards the study
2.6Problem of the medium scale firm
2.7The problem of improper management of cash
2.8Ways to ensure availability of cash for business operation
3.3Population of the study
3.4Sample and sampling procedure
3.5Sources of data
3.6Methods of data collection
3.7Method of data analysis
4.1Presentation and analysis of data
4.2Statistical treatment and analysis of data
5.1Summary and Conclusion