A document that allows the firm to plan its short-term cash needs with particular attention to periods of surplus and shortage so that short-term investments can be made during cash surplus times and short-term loans can be taken during cash shortages is called the
A) Cash-to-cash cycle
B) Cash budget
C) Cash planning statement
D) Cash-flow statement

Question

Quizplus · Accepted Answer

A cash budget is a financial tool used by firms to plan and manage their short-term cash needs, highlighting periods of surplus and shortage to optimize cash flow through investments and loans.

A Document That Allows the Firm to Plan Its Short-Term