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10 October, 05:24

Jane is arguing with Joan about how much cash on hand their small retail outlet needs as they prepare their cash budget. Jane feels that with the Christmas season coming up, their busiest time, they need more cash handy. Joan feels they don't because their sales volume will be up significantly. Jane and Joan are discussing which step of the cash budgeting process

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  1. 10 October, 05:30
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    Answer: Determination of minimum cash balance required.

    Explanation: In the give case, Jane and Joan have different opinions regarding the amount of cash balance they require for effectively operating their business, thus, we can say they are determining the adequate amount of cash balance required.

    In this step, the operation in the past and the expected revenues in the future are taken into consideration for the budget making process.
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Home » Business » Jane is arguing with Joan about how much cash on hand their small retail outlet needs as they prepare their cash budget. Jane feels that with the Christmas season coming up, their busiest time, they need more cash handy.
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