(Answered) Question 1 nokia prepares a cash budget what is a cash

Accounting

Question: 1. Nokia prepares a cash budget. What is a cash budget? Why must operating budgets and the capital expenditures budget be prepared before the cash budget?

2. Mink Company is preparing a cash budget for February. The company has $30,000 cash at the beginning of February and anticipates $75,000 in cash receipts and $96,250 in cash disbursements during February. What amount, if any, must the company borrow during February to maintain a $10,000 cash balance? The company has no loans outstanding on February 1.

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