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Why is it important for management to plan using a cash budget? A. Because a profitable business could potentially fail if it does not have
Why is it important for management to plan using a cash budget?
A. Because a profitable business could potentially fail if it does not have the cash when it is needed.
B. Because the timing of cash collections and needs differs from the reporting of profits.
C. Because cash needs for employees often differ from cash collections from customers or clients.
D. All of the above are reasons for the importance of cash budgeting.
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