Chapter 18, Problem 15QP

a)

Summary Introduction

To determine: The cash budget of W Incorporation.

Introduction:

Cash budget: A cash budget is determined as the forecast of the cash receipts and cash disbursements for the upcoming period.

b)

Summary Introduction

To determine: The short-term financial plan of W Incorporation

Introduction:

Short-term financial plans are those plans where the company plans to invest in short-term securities (like treasury bills). The short-term plans pave a way for long-term plans.