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In: AccountingThe textbook states that the cash budget is one of the mostimportant parts of the...The textbook states that the cash budget is one of the mostimportant parts of the master budget. There are several reasonslisted as to why a cash budget is considered to be this important;I would like your thoughts as to why you consider the cash budgetto be this important. How does the granting of credit to customers(and to your company from suppliers) affect your answer? Whathappens when you face a cash shortage? Is there something that canbe "built in" the budget that considers such a situation andincorporates it into the master budget? What happens to the cashbudget when you face an unforeseen emergency requiring cash?