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Crispen University is considering the addition of a new programme - Law. Although management is content with the profitability projections of the program, the Chief

Crispen University is considering the addition of a new programme - Law. Although management is content with the profitability projections of the program, the Chief Financial Officer recommends the preparation of cash budget in addition to the financial projections. Why would the Chief Financial Officer insist on the inclusion of the cash budget? Discuss.

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