Examlex
In a company that employs continuous budgeting on a quarterly basis and has an accounting period that ends December 31 of each year,what period would the first revision and update to the January through December 2015 budget cover?
Mail Float
The time difference between when a check is written and when it is actually cleared and funds are deducted from the payer's account.
Availability Float
The time difference between when a check is deposited in a bank account and when the funds are made available.
Miller-Orr Model
A financial model used to manage cash balances by setting upper and lower limits on cash reserves, triggering buying or selling of securities when these thresholds are crossed.
Safety Stock
Safety stock is additional inventory held by a business to prevent stockouts caused by variations in supply and demand.
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