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)income statement
D)budget

Question

Quizplus · Accepted Answer

Daniel wants to create a financial blueprint that reflects expected sales revenues, operating expenses, cash receipts, and disbursements, which is a budget. A sales forecast focuses only on predicted sales revenues, an income statement reports the financial performance of a company over a certain period, and a statement of cash flows details the inflow and outflow of cash during a period.

Daniel Wishes to Create a Financial Blueprint for a Future