chief executive officer . stockholders . 1 . ( Set 2 ) If a firm is currently profitable , then : it will always have sufficient cash to pay its bills in a timely manner . the timing of the cash flows on proposed projects is irrelevant . its current cash inflows must exceed its current cash outflows . its cash flows are known with certainty . its reported sales exceed its costs . 2 . Which one of these is a cash outflow from a corporation ? sale of an asset dividend payment profit retained by the firm sale of common stock issuance of debt 2 .( Set 2 ) Short-term finance deals with : acquiring and selling fixed assets . financing long-term projects . capital budgeting .