A Benefit of Budgeting Is That It Helps to C______________

question 24

Short Answer

A benefit of budgeting is that it helps to c______________ the various segments of the organisation by making each manager aware of how the different activities fit together.

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Definitions:

Cash Flow

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

Accounts Receivable

Money owed to a company by its customers for products or services that have been delivered or used, but not yet paid for.

Sales to Customers

The transactions where goods or services are sold and delivered to the buyer, generating revenue for the company.