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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

What is the function of a cash budget? A capital budget?

Summary Introduction

To determine: The functions of cash budget and capital budget.

Introduction: A cash budget is a financial plan or plan of projected money receipts and payment during the period. Capital Budgeting is the procedure on making investment choices in fixed assets or capital expenditure.

Explanation

The functions of cash budget and capital budget are as follows:

A cash budget calculates the cash receipts and cash outlay over a predetermined period. Utilizing this data, it is conceivable to figure any foreseen money profit or loss...

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