Disadvantages of daily over monthly cash budgets

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Reference no: EM133110704

What is a cash budget, and how can this statement be used to help reduce the amount of cash that a firm needs to carry?

What are the advantages and disadvantages of daily over monthly cash budgets, and how might a cash budget be used when a firm is negotiating a loan from its bank?

Reference: Brigham, E. F. & Houston, J. Fundamentals of financial management (8th ed.,) Chapter 15

Reference no: EM133110704

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