Foundations Of Financial Management
17th Edition
ISBN: 9781260013917
Author: BLOCK, Stanley B., HIRT, Geoffrey A., Danielsen, Bartley R.
Publisher: Mcgraw-hill Education,
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Chapter 6, Problem 4DQ
Summary Introduction
To explain:The use of cash budget to maintain current assets.
Introduction:
Cash Budget:
An estimate of the future inflow and outflow of cash for a particular period is termed as cash budget. It provides information about the availability of cash for operations.
Current Assets:
The assets expected to be liquidated or converted into cash within a year’s time are termed as current assets. These comprises of cash, accounts receivable, inventory, short-term loans, etc.
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Chapter 6 Solutions
Foundations Of Financial Management
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