First let's just combine the shelves to make it easier. 99 + 99 = 198.
We can simply divide 198 by 11/16 to get the answer. First let's convert 11/16 to a decimal.
11 divided by 16 is 0.6875
So 198 divided by 0.6875 is 288.
288 novels can fit on both the shelves.
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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.