Quiz Ch 15 – T/F Impact of Payment Timing on Peak Borrowing Needs

Fundamentals of Financial Management, Concise

Brigham and Houston

09th Edition

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True or false: If a firm constructs its monthly cash budget assuming uniform cash receipts and payments throughout the month, while in reality, payments are concentrated at the beginning of each month, it is likely to overstate its peak borrowing needs.

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  • Search Terms: a. b. false true a and are assumption at bases be beginning borrowing both budget but cash concentrated each firm's if in it its month month. monthly needs occur of on over overstated payments peak probably reality receipts that the uniformly will
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