Ingrid is the financial manager at Glynne Inc., a candy manufacturer. One of her duties is to make a budget that shows the forecasted receipts and expenditures of the company, the amount of working capital available, and the degree to which it should obtain funds from outside of the firm. Ingrid makes this budget after all other budget estimates have been completed. Which of the following types of budget is Ingrid currently working on?

Question

Quizplus · Accepted Answer

Ingrid is working on a cash budget, which shows the forecasted receipts and expenditures of the company, as well as the amount of working capital available and the degree to which it should obtain funds from outside of the firm. This budget is created after all other budget estimates have been completed and is an important tool for managing cash flow.

Ingrid Is the Financial Manager at Glynne Inc