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Apple Inc. prepares a cash budget for the upcoming quarter. In January 2040, the company estimates the following cash flows: Cash Receipts: $1,000,000,000 Cash Payments:

Apple Inc. prepares a cash budget for the upcoming quarter. In January 2040, the company estimates the following cash flows:

  • Cash Receipts: $1,000,000,000
  • Cash Payments: $800,000,000
  • Beginning Cash Balance: $200,000,000

Requirements:

  • Prepare a cash budget for the upcoming quarter.
  • Analyze the cash budget to identify potential cash shortfalls.
  • Recommend strategies to manage cash flow.
  • Prepare a report on the importance of cash budgeting.
  • Discuss the impact of cash management on overall financial health.

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