What is a cash flow budget?
What will be an ideal response?
The cash flow budget is an estimate of a company's short-term cash inflows and outflows and identifies any cash flow gaps for the business. Cash flow gaps occur when cash outflows are greater than cash inflows. Cash flow budgets help financial managers determine whether the business needs to seek outside sources of funds beyond what it generates by its own business operations. Cash flow budgets also indicate future investment opportunities due to surges in cash inflow, as well as show whether a business will have enough cash to grow. Moreover, the financial manager uses the cash flow budget to help plan for debt repayment or to cover unusual operating expenses.
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________ is defined as the tendency to see members of the group of which we are a part of as better than other people
A) Ingroup homogeneity B) Xenocentrism C) Ingroup favoritism D) Black sheep effect E) Hindsight bias
A system exists within an environment, which consists of everything outside of the system
Indicate whether the statement is true or false