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Is it important to monitor a cash budget only in times of a liquidity crisis?

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Is it important to monitor a cash budget only in times of a liquidity crisis? Why or why not?

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Solution Summary

In a sincinct explanation, the author explains the rationale for minding the cash budget.

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It is important to monitor the budget both during fat and thin times. Monitoring during the fat times still allows trending of purchase practices and money influx. This is also the time to ...

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