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Seneca College *

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440

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Accounting

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Nov 24, 2024

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pdf

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2

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11/25/23, 12:41 AM Chapter 6 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4696309&cmid=1260621&page=3 1/2 Dashboard / My courses / [Seneca 09/2023] HTM440NHB - Nardi / CHAPTER 6 - Budgeting / Chapter 6 Quiz Question 4 Correct Mark 1.00 out of 1.00 One of the purposes of a cash budget is to: Select one: a. provide information on the company’s ability to repay loans b. provide information regarding accounts payable balances with suppliers c. determine estimated production levels for the next period d. determine the budgeted change in depreciation expense Your answer is correct. Explanation: The cash budget will reveal, among other things, the company’s budgeted shortfall or surplus, which will reveal the company’s ability to repay loans. The correct answer is: provide information on the company’s ability to repay loans
11/25/23, 12:41 AM Chapter 6 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4696309&cmid=1260621&page=3 2/2
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