The cash flow budget cannot be developed until after the sales budgets and the various expense budgets are formulated.

Name: The cash flow budget cannot be developed until after the sales budgets and the various expense budgets are formulated.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The cash flow budget is dependent on the information provided by the sales and expense budgets. Therefore, they must be formulated first in order to develop an accurate cash flow budget.

The Cash Flow Budget Cannot Be Developed Until After the Sales