Critically discuss the importance of preparing a cash budget for any organisation, especially when recovering from a pandemic, and the difficulties this may present.
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Critically discuss the importance of preparing a
organisation, especially when recovering from a pandemic, and the difficulties
this may present.
Step by step
Solved in 2 steps
- If management is being evaluated on their ability to manage a budget, what can they do to decrease cash outflow?When preparing the cash budget, all the following should be considered except: Cash payments to suppliers. Cash payments for equipment. Depreciation expense. Cash receipts from customers.A cash budget is usually thought of as a means of planning for future financing needs. Why would a cash budget also be important for a firm that has excess cash on hand? Explain.
- If economic efficiency is the primary goal in the budget process, the task of budget allocation should be to allocate funds to accomplish which of the following objectives? Ensure the number of distributional winners exceeds the number of losers Ensure reelection of personnel and/or continue public support for programs Guarantee that one dollar moved to a program yields a return to society greater than or equal to the loss to the program from which the dollar was removed Provide funding to programs that produce the highest benefitsWe discuss how to prepare the cash budget and understand therelationships among the operating budgets, cash budget, andbudgeted balance sheet. The cash budget helps managersdetermine whether they need to borrow money to fund operations,or whether they can make repayments toward their borrowings orinvest excess cash to earn interest. The cash budget and thebudgeted balance sheet are forward-looking versions of thestatement of cash flows and the balance sheet. Soup Inc. has the following budgeted sales: January $60,000, February$80,000, and March $90,000. 40% of the sales are for cash and 60% are oncredit. For the credit sales, 75% are collected in the month of sale, and 25% thenext month. The total budgeted cash receipts for March are:provide a critical discussion of how the zero based budgeting approach can a strategic budget reform that could improve municpal finances
- . Complete the Contingency Budget for the table below b. If risk C and F actually occurred, you would be able to tap the contingency budget for relief? c. Should you focus on risk F and why?If management is being evaluated on their ability to manage a budget, what can they do to increase cash flow?The cash budget is part of which category of budgets? sales budget cash payments budget finance budget operating budget
- which one is correct please confirm? QUESTION 20 The first step in cash budget preparation is the ____________. a. estimation of the expected cash disbursements b. estimation of cash receipts c. scheduling of disbursements d. estimation of credit salestrue and false a. Developing a budget is a critical step in planning any economic activity. This is true for businesses, for governmental agencies, and for individuals. (……….) b. The sales budget shows the projected sales in units and the total expected sales revenue. (……….)Which of the following items will not appear on a cash budget? A) Expected cash paymentsB) Expected credit salesC) Expected cash collectionsD) All of the above will appear on a cash budget
