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.
<h3>Answer: 36%</h3>
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Explanation:
There are 20 blue cards out of 10+20+25 = 55 cards total.
Divide the 20 over 55 to get
20/55 = 0.363636...
where the "36"s go on forever
So 20/55 = 0.3636 approximately
Move the decimal point over 2 spots to go from 0.3637 to 36.37%
Then round to the nearest percent: 36.37% ---> 36%
The probability of getting a blue card is approximately 36%
Answer:
(they're the same)
Step-by-step explanation:
