Now that a business has prepared it budget for the next three months, and the...
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Accounting
Now that a business has prepared it budget for the next three months, and the budget indicated that there will be cash shortage (negative cash balance at the end of the month, mainly due to the large total cash payments in the month than the total cash receipts) in the second month.What actions should the managers take when he is presented with this information?
What actions should the managers make if in the third month, there will be a cash surplus (the opposite of cash shortage)?
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