Daniel wishes to create a financial blueprint for a future period that reflects such items as expected sales revenues,operating expenses,and cash receipts and disbursements.Daniel wants to create a(n)________.
A) sales forecast
B) statement of cash flows
C) Budget
D) income statement

Question

Quizplus · Accepted Answer

A budget is a financial plan that includes expected revenues and expenses for a future period. It accounts for cash receipts and disbursements, as well as operating expenses, making it the best choice for Daniel's need to create a financial blueprint. A sales forecast specifically predicts future sales, an income statement shows a company's financial performance over a period, and a statement of cash flows reports a company's cash inflows and outflows during a period.

Daniel Wishes to Create a Financial Blueprint for a Future