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The monthly cash budget that you have prepared assumes that all cash flows occur on the 15th of each month.
The monthly cash budget that you have prepared assumes that all cash flows occur on the15th of each month. Suppose MacAdam's outflows tend to cluster at the beginning of themonth, while collections tend to be heaviest toward the end of each month. How would thisaffect the validity of the monthly budget? What could be done to correct any inaccuraciesthat might result from the mismatch of inflows and outflows?