- Treasury and capital budget management full#
- Treasury and capital budget management series#
- Treasury and capital budget management download#
To date, CPF has awarded nearly $7 billion for broadband, digital technology, and multi-purpose community center projects in 45 states. The Treasury Department began announcing state awards in June of last year.
Treasury and capital budget management full#
More information about the award can be found in the full press release, Treasury Department Announces Approval of Federal Funds to Connect 33,000 Washington Homes and Businesses to Affordable, High-Speed Internet as Part of President Biden’s Investing in America Agenda, and in the award fact sheet: The FCC estimates that about 48 million families are eligible for the program - nearly 40% of US households. The ACP helps ensure that households can afford the broadband they need for work, school, healthcare, and more by providing a discount of up to $30 per month. In accordance with Treasury’s guidance, each state plan requires all service providers to participate in the Federal Communications Commission’s (FCC) new Affordable Connectivity Program (ACP).
Treasury and capital budget management download#
The state plan will support broadband infrastructure designed, upon project completion, to deliver reliable internet service that meets or exceeds symmetrical download and upload speeds of 100 megabits per second (Mbps), speeds that are needed for a household with multiple users to simultaneously access the internet to telework and access education and health monitoring. On June 23, 2023, the Capital Projects Fund announced the award of $195.7 million to Washington to increase access to affordable, reliable high-speed internet across the state. CAPITAL PROJECTS FUND ANNOUNCES $195.7 MILLION AWARD TO WASHINGTON Moreover the study finds that there is a significance positive relationship between size and firm profitability.The American Rescue Plan provides $10 billion for payments to eligible governments to carry out critical capital projects that directly enable work, education, and health monitoring, including remote options, in response to the public health emergency.
The researcher found that there is a significant negative relationship between liquidity and profitability. It means that, companies managers can create profits or value for their companies and shareholders by handling correctly the cash conversion cycle and keeping each different component of working capital to a possible optimum level. Also current ratio, firm size and sale growth as control variable The results showed that there is statistical significance negative relationship between profitability and working capital management. Accounts receivable Days, inventory Period, and accounts payable Days and cash conversion cycle are used as independent variables. More over the study used gross operating profit as dependent profitability variable.
Treasury and capital budget management series#
Data was analyzed on quantitative basis using Pearson's correlation and pooled panel data regression models of cross-sectional and time series data were used for analysis.
Consequently, the study selected a sample of 5 (five) Manufacturing and 13(Thirteen) Merchandise companies for the period of seven years (2009-2015) with the total of 18 observations. Then companies were selected based on purposively from each company to avoid biases. Purposive sampling design was employed based on purposively of companies. Specifically, the study used survey of documentary analysis of companies' audited financial statements.
In light of this objective the study adopted quantitative method of research approaches to test a series research hypothesis. The study aims to examine the statistical significance between component of working capital management and firm's profitability. The purpose of this study is to investigate the effect of working capital management on profitability.
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