The Financing Section of a Cash Budget Is Needed If

question 165

Multiple Choice

The financing section of a cash budget is needed if there is a cash deficiency or if the ending cash balance is less than

• A) the prior years.
• B) management's minimum required balance.
• C) the amount needed to avoid a service charge at the bank.
• D) the industry average.

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Definitions:

Gray Wolf

A species of canid native to remote areas of North America, Eurasia, and North Africa, known for its role as a top predator in the ecosystem.

Clade

A group of organisms containing a common ancestor and all its descendants; a monophyletic group.

Common Ancestor

The latest common ancestor shared directly by all members in a specific group.

Organisms

Any individual living thing that can react to stimuli, reproduce, grow, and maintain homeostasis.