It takes the average reader and 36 minutes to read CASH DEFINES SURVIVAL by Michael Townsley
Assuming a reading speed of 250 words per minute. Learn more
While demographic, technological and industry changes have been pressuring schools for a decade now, the pandemic has forced many schools into weakened financial positions, especially as it relates to cash available to support operations. Examining IPEDS data from a select group of private not-for-profit institutions between 2015 and 2019, we put forth three major arguments: 1. That the ability of many schools and colleges to cover both direct and indirect expenses through their main revenue source, tuition, has been substantively weakened by the COVID pandemic and the adverse decline in birth rates. 2. That traditional financial reporting and monitoring systems often do not provide enough of an optic into a school’s cash position. 3. That CFOs, management teams and boards must improve their focus and understanding of the forces impacting cash flow and cash position. While the financial impact of the pandemic might slowly subside, other industry changes and innovations will continue to present disruptive financial challenges. The next tide will certainly flow and the ebb that follows may not be as severe as today’s, but it’s time now to work on limiting our exposure, for the next tide will inevitably ebb once more.
CASH DEFINES SURVIVAL by Michael Townsley is 36 pages long, and a total of 9,216 words.
This makes it 12% the length of the average book. It also has 11% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 50 minutes to read CASH DEFINES SURVIVAL aloud.
CASH DEFINES SURVIVAL is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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