Asked by Blake Archer on Jun 17, 2024
Verified
Cash budgets are typically prepared on a weekly basis.
Cash Budgets
Financial plans that forecast a company's cash inflows, outflows, and net cash balance for a specific period.
- Understand the preparation and utility of cash budgets in financial planning.
Verified Answer
KL
Khuyên LavenderJun 23, 2024
Final Answer :
False
Explanation :
Cash budgets are often prepared on a monthly basis, although the frequency can vary depending on the specific needs and cash flow cycles of the business.
Learning Objectives
- Understand the preparation and utility of cash budgets in financial planning.
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