Financial budgets: cash flows Monthly cash budgets of inflows and outflows are an important part of the
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Financial budgets: cash flows Monthly cash budgets of inflows and outflows are an important part of the budgeting process in most organizations. In the course of preparing a cash budget, the organization must estimate its cash inflows from credit sales. Suppose that in response to projected cash shortfalls, the organization decides to speed its collections of credit sales. What effect can this have on the organization?
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Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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