International Journal of Research Studies in Management
CollabWritive Special Issue
2023 Volume 11 Issue 12
Available Online: 31 December 2023
Author/s:
Limos-Galay, Jenny A.*
Divine Word College of San Jose, Philippines (jennygalay05@gmail.com)
Pelogna, Nueva Lee R.
Divine Word College of San Jose, Philippines (nlpelogna.78@yahoo.com)
Ramos, Mary Jane S.
Divine Word College of San Jose, Philippines (ramosmaryjane102@gmail.com)
Abstract:
This study investigated the extent of cash management practices and the level of business performance of RTW shops in Magsaysay and San Jose, Occidental Mindoro as well as the relationships between the two variables. A descriptive correlational research design was used in this study. The researchers surveyed 15 employees out of the 28 total population, because the other employees were unavailable and had busy schedules, however, the researchers did their best to gather the needed data. Primary data was utilized using self-constructed surveyed questionnaires using a 5-point Likert scale. To understand the extent and the level of two variables weighted mean was implied and to determine the relationship spearman-rho was utilized. Based on the findings of this study, the extent of cash management practices of RTW shops in Magsaysay and San Jose, Occidental Mindoro is very high. This means that RTW shops in the area practice good cash management. Secondly, the level of business performance of RTW shops in Magsaysay and San Jose, Occidental Mindoro is high (4.42). This indicates that RTW shops in the area are thriving and earning. Lastly, the correlation coefficient is (.785) and the relationship is statistically significant since the p-value of (.001) is less than (.05). It implies that cash management contributed to the business performance of RTW shops. It is recommended that the RTW shop owners/representatives may continue to improve their cash management practices, minimize expenses, and match the timing of receipts from accounts receivables and payments of accounts payable.
Keywords: cash management practices, business performance, Ready-To-Wear (RTW) shops, descriptive correlational research, Occidental Mindoro
DOI: https://doi.org/10.5861/ijrsm.2023.1150
Cite this article:
Limos-Galay, J. A., Pelogna, N. L. R., & Ramos, M. J. S. (2023). Cash management practices and business performance of Ready-To-Wear (RTW) shops in Magsaysay and San Jose, Occidental Mindoro. International Journal of Research Studies in Management, 11(12), 41-47. https://doi.org/10.5861/ijrsm.2023.1150
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