Question

Kate is a financial manager at Nature Feeds, a manufacturer of cattle feed. She makes a budget that shows the anticipated receipts and expenses of the company. The budget also shows her the amount of working capital available and whether the company will need loans. This is the last budget that Kate creates for the upcoming year. Which of the following types of budget is exemplified in this scenario?
A. Master budget
B.Cash budget
C. Cost production budget
D. Production budget

Answer 1

Answer:

B. cash budget

Explanation:

According to my research on different types of financial budgets, I can say that based on the information provided within the question the budget being exemplified in this scenario is called a cash budget. This type of budget is a financial plan that focuses on expected cash receipts and disbursements that will or have occurred during a specific set of time. Which is what Kate is dealing with.

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