Question

Johnson and Johnson just completed a projection of the cash receipts and expenses it expects for next year. What is the projection called__________.

Answer 1

A cash flow projection is an estimate of the expected cash receipts and expenses for a specific period of time. It helps businesses plan and manage their cash flow by predicting when and how much money will be coming in and going out.

Step-by-step explanation:

The projection that Johnson and Johnson just completed is called a cash flow projection.

A cash flow projection is an estimate of the expected cash receipts and expenses for a specific period of time, usually a year. It helps businesses plan and manage their cash flow by predicting when and how much money will be coming in and going out.

By creating a cash flow projection, Johnson and Johnson can better anticipate and prepare for any potential cash shortages or surpluses in the upcoming year.