Garry, a financial manager at AtoZ technologies, wants to know when his firm will need to arrange for short-term financing and when the firm is likely to have surplus cash available to pay off loans or to invest in short-term liquid assets. These concerns suggest that Garry would want to develop a _____.
A) cash budget
B) pro forma income statement
C) sales forecast
D) projected balance sheet

Question

Quizplus · Accepted Answer

A cash budget helps in planning and controlling cash flows, identifying periods of cash shortages or surpluses, and making decisions about financing and investments.

Garry, a Financial Manager at AtoZ Technologies, Wants to Know