The cash budget is critical to the master budgeting process because it is essential for an

Question:

The cash budget is critical to the master budgeting process because it

• is essential for an organization to have cash to survive.

• translates accrual-based information (such as sales revenues) into actual cash flows.

• can help indicate whether credit practices are ef¬ fective (i.e., whether customers are paying for purchases within the designated credit period).

• allows die organization to forecast when cash borrowings could be necessary or when cash in¬ vestments could be made (and for how long).

• can be used to help prepare the pro forma state¬ ment of cash flows.

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