The first step in the preparation of a cash budget is
A) calculating appropriate financial ratios.
B) preparing a sales forecast.
C) determining the firm's dividend policy.
D) determining long-term capital structure.
Correct Answer:
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Q12: Cash inflow, in cash budgeting, comes mainly
Q13: A cash-flow statement categorizes cash flows into
Q14: Assume the following data: Total current assets
Q15: A firm that chooses Strategy A, as
Q16: A firm that chooses Strategy C, as
Q18: Net working capital is defined as
A)the current
Q19: A firm can meet its cumulative capital
Q20: A company has forecast sales in the
Q21: A firm can achieve a higher growth
Q22: The sustainable growth rate equals
A)plowback ratio ×
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