Asked by
Georgia Anderson
on Dec 16, 2024Verified
Hyde Corp.'s cash budget showed total available cash less cash disbursements. What does this amount equal?
A) Ending cash balance
B) Total cash receipts
C) The excess of available cash over cash disbursements
D) The amount of financing required
Cash Budget
A financial plan that estimates a company's cash inflows and outflows over a specified period, helping in managing liquidity.
Cash Disbursements
The process of paying out money from a company or individual's cash account, usually including expenses, debt payments, and other financial transactions.
Financing Required
The total amount of money needed to start or expand an enterprise, often reflecting external funding needs to cover projected deficits or investments.
- Gain insight into the makeup and architecture of a cash budget.
Verified Answer
DB
Learning Objectives
- Gain insight into the makeup and architecture of a cash budget.