I'm working on a Cash Budget "Helen bowers" and get stuck on the question: 4) Assume that receipts from sales come in uniformly during the month (that is, cash receipts come in at the rate of 1/30 each day), but all outflows are paid on the 5th of the month. Will this have an effect on the cash budget – in other words, would the cash budget you have prepared be valid under these assumptions? If not, what can be done to make a valid estimate of the peak financing requirements? No calculations or spreadsheet work is required, though calculations could be used to illustrate the effects

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Cash budget

A cash budget is an estimate of an organization's cash flow for the future period. A cash budget forecasts future cash receipts and payments from various sources for a fiscal year. A cash budget can be created once a month or once a week to determine the organization's cash position and ensure its performance in relation to the budget. It aids in determining whether the company has enough cash and cash equivalents to meet its operational needs in the future. If cash receipts are insufficient to cover future expenses, an organization may plan to obtain funds from other sources. After estimating the sales, purchase, and capital expenditure budgets for the year, management develops a cash budget. These budgets are created to ensure that an organization's cash flow is managed. It is important to note that only cash transactions are recorded when actual cash enters and exits an organization.