The purpose of a cash budget is to help financial managers to get a better understanding of the timing of cash flows.
The cash budget will make it easier for the managers to monitor whether the current cash flow is enough to fund all companies' operation and to determine whether they need to make any changes in their departments.
Answer:
Step-by-step explanation:
6
Answer:
Chocolate Chips cost $2.25 and Walnuts cost $3.25 per pound each
Step-by-step explanatChocion:
Let x = cost of pounds of chocolate chip cookies and y = cost of pounds of walnuts.
From the question, we get 5x+3y = 21 and 2x+6y = 24. To solve the equation, we use substitution. From the first equation, we get y = (21-5x)/3. We substitute the y into the second equation to get 2x + 6(21-5x)/3 = 24. This turns out to be 2x+(42-10x) = 24. Adding like terms you should get 42-8x = 24. Solving for x, x = $2.25 per pound. Plugging this into the first equation, we get 5(2.25)+3y = 21. Solving for y, we get $3.25 per pound of walnuts. If we plug in the numbers into the 2 equations, we will get the right total.
