Asked by Mojarai Johnson on May 10, 2024
Verified
Three major sections of a cash budget are (1) ___________________ (2) ____________________ and (3) ______________________.
Cash Disbursements
Payments made in cash or through cash equivalents, including expenses, debt payments, and purchases of goods and services.
Cash Receipts
The total amount of cash collected by a business during a given period, including revenues and other forms of income.
Financing Section
Part of the cash flow statement that shows the net flows of cash used to fund the company, including debt, equity, and dividends.
- Examine and create forecasts for cash budgets, considering anticipated cash inflows and outflows.
- Understand the fundamentals of preparing and managing cash flow forecasts and their significance to the overall budgeting process.
Verified Answer
MS
Learning Objectives
- Examine and create forecasts for cash budgets, considering anticipated cash inflows and outflows.
- Understand the fundamentals of preparing and managing cash flow forecasts and their significance to the overall budgeting process.