A cash budget will help determine if additional financing will be necessary.

Name: A cash budget will help determine if additional financing will be necessary.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A cash budget helps to forecast and plan for cash inflows and outflows, enabling a business to identify if there will be any cash shortages or surpluses. If a cash shortage is identified, additional financing may be necessary to ensure the business can meet its financial obligations.

A Cash Budget Will Help Determine If Additional Financing Will