Shorter-term cash budgets⎯say a daily cash budget for the next month⎯are generally used for actual cash control while longer-term cash budgets⎯say monthly cash budgets for the next year⎯are generally used for planning purposes.

Question

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Shorter-term cash budgets are used for actual cash control, while longer-term cash budgets are used for planning purposes.

Shorter-Term Cash Budgets⎯say a Daily Cash Budget for the Next