contestada

Garry, a financial manager at AtoZ technologies, wants to know when his firm will need to arrange for short-term financing and when the firm is likely to have surplus cash available to pay off loans or to invest in short-term liquid assets. These concerns suggest that Garry would want to develop a _____.

A. cash budget
B. pro forma income statement
C. sales forecast
D. projected balance sheet
introduction-to-business

Respuesta :

segehood

Answer:

A. Cash Budget

Explanation:

Cash budget is a form of budget showing the estimated cash flow for a business operation over a given period of time. Its important because it shows or rather indicates whether or not a business or an organization has enough cash for it's operations. It shows the inflows and outflows for a specified amount of time for a given business. It helps avoid shortage of cash in periods where company experiences high amount of expenses. Garry would look to develop a cash budget as it would help him in understanding and organizing his finances.

ebrightosagie

Answer: C. sales forecast

Explanation: Sales forecasting: this a process of estimating the future sales of an organisation or business. By accurately forecasting the sales this enables companies, organisations to make business decisions based on short-term and long-term performance. Forecast can be based sales data, economic trends e.t.c.

Otras preguntas