Why monitoring Cash Flow is important for business. The cash flow report is the third component of a companyâs financial statements. The report portrays how a company has spent its cash, and is often used in tandem with the other two key reports â the Profit and Loss and the Balance Sheet. The cash flow report is important because it informs the reader of the business cash position. For a business to be successful, it must have sufficient cash at all times. It needs cash to pay its expenses, to pay bank loans, to pay taxes and to purchase new assets.
Daniel Squadron, a former assistant to the senator, was set up by Mr. Schumer and his wife, Iris Weinshall, a former New York City transportation commissioner whose chief of staff, Elizabeth Weinstein, had caught Mr. Squadronâs eye.
Who Is Chuck Schumer? Born in 1950 in Brooklyn, New York, Charles Chuck Schumer attended Harvardâs undergraduate college and law school before turning to politics. After serving in the New York State Assembly, Schumer won a seat in the U.S. House of Representatives and eventually the Senate on a liberal Democratic ticket. Having won four successive terms as a senator, he was elected to become Senate minority leader in 2016 shortly after Donald Trump was elected U.S. president.