Define each of the following terms: f. Cash budget; target cash balance
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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.
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