Define Inputs

question 56

Short Answer

Define inputs.

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Definitions:

Cash Budget

A cash budget is an estimation of cash inflows and outflows for a business over a specific period of time, used for managing liquidity and ensuring financial stability.

Raw Materials

Raw materials are the unprocessed natural resources or basic substances that are used to manufacture goods.

Master Budget

A comprehensive financial planning document that consolidates all of a company’s individual budgets and plans for a specific period.

Finished Goods Inventory

Products that have completed the manufacturing process and are ready to be sold.