Define each of the following terms: f. Cash budget; target cash balance
| ♥ 0 |
Define each of the following terms: |
Answer and Explanation
Verified Answer
Cash budget - It is a schedule that shows an inflow and outflow of cash for a business over a specific period of time.
Target cash balance - It is the ideal amount of cash b...
Verified Answer
Cash budget - It is a schedule that shows an inflow and outflow of cash for a business over a specific period of time.
Target cash balance - It is the ideal amount of cash balance that the company aims to maintain in order to conduct its operations smoothly.
Purchase this answer to view it.
Login or register for free to purchase this solution with PayPal or credit cards securely
