What is the purpose of the cash budget?
What is the purpose of the cash budget?
Read #2 on page 140 in your text(see picture below). How did you determine the minimum level of cash reserves needed to pay operating costs of the facility without borrowing?
- Explain your understanding of the importance of knowing how to intelligently discuss these issues with the facility’s accountant(s). For example, why is it important for healthcare managers to gain knowledge of financing and accounting?
