Figure 7.18 shows a liquid-level system in which two tanks have cross-sectional areas A1 and A2, respectively. The volume flow rate into tank 1 is qi. A pump is connected to the bottom….
explain the functions of a cash budget within an organization.
On 1 January the summary balance Sheet of Mercury Company Ltd. Was as follows: i. Prepare a cash budget for each of the three months January to March.
ii. Prepare a forecast Trading Profit and Loss Account for the period.
iii. Prepare a forecast Balance Sheet as at 31 March.
iv. Briefly explain why the change in cash balance between 1 January and 31 March is not the same as the profit (loss) figure for the period.
v. Briefly explain the functions of a cash budget within an organization.