New York University ACCT-UB ACCT-UB 1002 1. A firm has provided a sales budget for the next 4 months. It…
What statement is false?
Working capital management is critical because it affects financing decisions and the firm’s profitability.
The cash budget is useful for estimating potential funding needs, especially for short-term working capital loans.
If a company needs to increase its cash flow from operations in the next month or two, it can change its credit policy from 2/10 net 30 to net 60.
Credit policy affects working capital because it impacts both sales and the time it takes for receivables to be obtained.
If a company is unsure about the volume of sales, profits, and cash flows for the coming year, it will retain a relatively large amount of cash and marketable securities.
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