The manager at a service company does not prepare a cash budget.

Question

Quizplus · Accepted Answer

A cash budget is an essential tool for managing cash flow in a service company. It helps in estimating the amount and timing of cash inflows and outflows, and provides a clear picture of the company's cash position, enabling the manager to make informed decisions about investments, borrowing, and expenses. Therefore, it is important for the manager to prepare a cash budget to ensure the financial stability of the company.

The Manager at a Service Company Does Not Prepare a Cash