Principles of Managerial Finance (14th Edition) (Pearson Series in Finance)
Principles of Managerial Finance (14th Edition) (Pearson Series in Finance)
14th Edition
ISBN: 9780133507690
Author: Lawrence J. Gitman, Chad J. Zutter
Publisher: PEARSON
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Chapter 4.3, Problem 4.10RQ
Summary Introduction

To discuss: Purpose of cash budget and significance of sales forecast in its preparation.

Introduction:

Cash budget can be defined as a money spending plan which estimates the money inflows and outflows for a business over a particular timeframe. It is used to assess whether the firm has adequate money to work.

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What is the purpose of a cash budget and how is it prepared?
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Principles of Managerial Finance (14th Edition) (Pearson Series in Finance)

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