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The primary reason that managers impose a minimum cash balance in the cash budget is a. that it protects the organization from the uncertainty of
The primary reason that managers impose a minimum cash balance in the cash budget is
a. | that it protects the organization from the uncertainty of the budgeting process. | |
b. | that it makes the financial statements look more appealing to creditors. | |
c. | because management needs discretionary cash for unforeseen business opportunities. | |
d. | managers lack discipline to control their spending. |
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