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How the nature of business affects cash budgeting decisions

Imagine you are preparing a business's cash budget, which involves determining the amount of cash to keep on hand. How might the nature of the business affect your decision? Provide specific examples in your response.

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The nature of the business would affect the determination of how much cash to keep in hand in a few different ways. If the business is a bar, restaurant, or other establishment that takes in a lot of cash, and deals mainly in cash, it's likely that they'll need more cash on hand as ...

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This solution explains how the nature of business affects cash budgeting decisions.

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