Final answer:
A cash budget's disbursements section includes all planned cash payments, excluding dividends. It helps a company manage its cash outflows and maintain liquidity for operational needs and investments.
Step-by-step explanation:
The disbursements section of a cash budget includes all cash payments that a company anticipates it will make during a certain period, except for cash payments for dividends. This section will typically list payments such as those for operating expenses, inventory purchases, capital expenditures, and debt repayments. A well-prepared cash budget helps businesses plan for their cash outflows and ensures that they maintain adequate cash reserves to meet their obligations. Dividends are often treated separately since they are discretionary and represent a return of profit to shareholders, rather than an operating expense.