Final answer:
Jackie can handle a cash flow deficit by obtaining a short-term loan, negotiating with suppliers for extended payment terms, cutting or deferring expenses, and accelerating the collection of receivables. The best strategy depends on the business's specific situation.
Step-by-step explanation:
When a business, like Jackie's, anticipates a cash flow deficit, she has several options to consider for covering her expenses. One approach is to obtain a short-term loan, which can provide immediate funding to cover the shortfall. Another strategy is to negotiate with suppliers for extended payment terms, effectively delaying the outflow of cash. Additionally, Jackie could review her current expenses to identify areas where costs can be reduced or deferred. If possible, accelerating the collection of receivables is also a prudent step, as it increases the inflow of cash to the business.
Overall, the best approach will depend on the specific circumstances of the business. It may involve a combination of these strategies to ensure the business remains operational while addressing the budget deficit.