4 (a) What is the objective of the cash budget? (b) Discuss two techniques for dealing with...

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4

(a) What is the objective of the cash budget?

(b) Discuss two techniques for dealing with risk and uncertainty in the cash budget,

(c) What would be the likely effects on a cash budget of the following?

(i) Extending the period of credit allowed to the firm’s customers.

(ii) A decision to increase raw material and finished goods stock levels.

(iii) A sudden increase, or decrease, in sales levels.

(iv) Extending the period of credit taken from suppliers.

(v) High seasonal variations in sales.

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