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S3 Intro to Cash Budgets Flashcards | StudBud

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A bank loan is NOT helpful in fixing cash flow problems

What is a Cash Budget

S3 Intro to Cash Budgets

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Questions 10

Answers

1
What is a Cash Budget
A financial plan/estimate to help a business
How much you are allowed to spend every month
A way to spend as much money as possible
Seeing how much is left in the bank account
2
A bank loan is NOT helpful in fixing cash flow problems
False
True
3
Why are cash budgets used?
All of the above
Project future sales revenue
identify cash flow problems
bills and expenses
4
Which of these is an option to fix cash flow problems
Increased Marketing
Spread the cost of big purchases
Cut back on expense
All of the above
5
A cash budget shows if there is not enough cash to pay for things in the business
True
False
6
Payments means all of the items a business has to pay for eg rent, purchases and wages
False
True
7
Which of the following is not a cash flow problem
Giving customers too long to pay back
Having great sales levels for the month
Spending too much on purchases
Not generating enough sales
8
Which of the following terms appear on a cash budget
Advertising
Closing Door
Cash Budget
Receipts
9
Opening Balance means:
The amount of cash the business has at the start of the month
The amount that is likely to be left at the end of the month
10
Cash budgets are used for planning for the future
False
True