The financing section of a cash budget is needed if there is a cash deficiency or if the ending cash balance is less than Entry field with correct answer

a. management's minimum required balance.

b. the amount needed to avoid a service charge at the bank.

c. the prior years.

d. the industry average.

Question

Business

Ellie Calderon

28 July, 23:28

The financing section of a cash budget is needed if there is a cash deficiency or if the ending cash balance is less than Entry field with correct answer

a. management's minimum required balance.

b. the amount needed to avoid a service charge at the bank.

c. the prior years.

d. the industry average.

+4

Answers (1)

Know the Answer?

Matteo Tapia · Answer 1

A. Management's minimum required balance.

Explanation:

The minimum balance is the minimum dollar sum that a client must have in an account to get some service benefit, for example, keeping the account open or getting premium.

The financing section of a cash budget is needed if there is a cash deficiency or if the ending cash balance is less than Entry field with correct answera. management's minimum required balance.b. the amount needed to avoid a service charge at the bank.c. the prior years.d. the industry average.