Estimates firm projected cash inflows and outflows

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Several types of budgets in a firm's financial plan are:

Operating (master) budget - ties together all of a firm's other budgets; it is the projection of dollar allocations to various costs and expenses needed to run or operate the business, given projected revenues.

Capital budget - highlights a firm's spending plans for major asset purchases that often require large sums of money; primarily concerns itself with the purchase of such assets as property, buildings and equipment.

Cash budget - estimates a firm's projected cash inflows and outflows that the firm can use to plan for any cash shortages or surpluses during a given period.

In your group, decide which one of these budget types is the most important in the financial planning process for a company.

Explain your decision in a one page or less paper, with corresponding backup (references) attached to further verify your opinion.

Reference no: EM133306409

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