Question
Theory questions on cash budget I prepared a cash budget for a year and have the closing cash balances from there and based on that
Theory questions on cash budget
I prepared a cash budget for a year and have the closing cash balances from there and based on that I have to answer below two questions:
(b) Using the information obtained from the cash budget prepared above,discuss Ultratex plcs cash position for the coming year, making any recommendations you think necessary.
(c) If the cost of purchasing the new technology is 5 million, comment onwhether Ultratex plc would be able to raise any of the finance for this purchase from its cash balance. Justify your answer. (5 marks)
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