ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sales manager
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Production manager
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Finance manager
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General manager
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Detailed explanation-1: -Because of the high level of decision-making involved, the chief financial officer, or the company’s highest financial manager, oversees the cash budget. For companies without this level of internal expertise, the owner must assist with the management of and decision-making with regard to the cash budget.
Detailed explanation-2: -A budget committee is a group of people within an organization that creates and maintains fiscal responsibility for that entity. In a company, this committee usually consists of top management along with the chief financial officer (CFO).
Detailed explanation-3: -Usually, the sales manager is responsible for the sales budget and prepares it in units and then in dollars by multiplying the units by their selling price.
Detailed explanation-4: -Create a cash budget template. Determine the time frame. Identify a target cash balance. Enter your company’s current cash balance. Prepare and analyze your business’s cash flow statement. Project your company’s cash flow. 18-May-2022