The Cash Management Practices of Micro and Small Enterprises in Mandaluyong City
Keywords:
cash management, micro, smallAbstract
The objective of the study is to assess the effectiveness of cash management practices of micro and small enterprises (MSEs) in Mandaluyong City. The research was conducted to identify if there is a significant difference in the assessment of cash management practices in MSEs groups. The MSEs were grouped according to years in operation, the number of employees, type of industry, capitalization, and the number of training sessions that employees can access. The study was conducted through descriptive research method using the prepared questionnaires. The researcher tabulated the result to generate statistical figures to test the hypothesis. The statement of the problem created by the researcher was answered by testing the hypothesis with the assumed level of significance of 0.05. The results of this study, the conclusion and recommendations are made based on the statistical tools used by the researcher. These are frequency distribution, percentage distribution, ranking, weighted mean, and analysis of variance. In conclusion, the majority of the respondents are operating for three or fewer years, has three or fewer employees, and are engaged in trading. They usually have a capitalization of ₱3,000,000 and below and provide their employees with 3 and fewer training sessions. Additionally, the assessments of the respondents on the effectiveness of cash management practices, in the aspects of Cash Planning, Cash Budgeting, Cash Collection, and Cash Disbursement was "Effective." Third, there was no significant difference in each group's assessment of Cash Planning, Cash Budgeting, Cash Collection, and Cash Disbursement. However, there was a significant difference in assessments among MSEs grouped according to the number of training sessions that their employees can access.
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