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Discuss how managers can use the cash budget as a monitoring and control tool (in the new year when we are looking at actual results
Discuss how managers can use the cash budget as a monitoring and control tool (in the new year when we are looking at actual results versus budgeted results). Companies are concerned about the amount and timing of cash receipts and cash disbursements, just like at home for most of us. Please be specific. It will be helpful if students can give an example of how management uses the cash budget as a monitoring tool (and why) and an example of how management uses the cash budget as a controlling tool (and why).
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