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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1087 |
Essay's paper body
“The primary purpose of the cash budget is to allow the firm to anticipate the need for outside funding at the end of each month†(2005, Block & Hirt, p. 95, chap. 4). For cash receipts, we need to know the collection pattern of how sales are collected. For cash disbursements, we need to know whether expenses are paid in cash as incurred or are they paid later...
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“The primary purpose of the cash budget is to allow the firm to anticipate the need for outside funding at the end of each month†(2005, Block & Hirt, p. 95, chap. 4). For cash receipts, we need to know the collection pattern of how sales are collected. For cash disbursements, we need to know whether expenses are paid in cash as incurred or are they paid later...
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