B r i e f l y   d e s c r i b e   t h e   b a s i c   f o r m a t   o f   t h e   c a s h   b u d g e t .

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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  1. B r i e f l y   d e s c r i b e   t h e   b a s i c   f o r m a t   o f   t h e   c a s h   b u d g e t . 
  2. W h y   d o e s   t h e   p r e s e n c e   o f   f i x e d   c o s t s   c a u s e   t h e   p e r c e n t - o f - s a l e s   m e t h o d   o f   p r o   f o r m a    i n c o m e   s t a t e m e n t   p r e p a r a t i o n   t o   f a i l ?   W h a t  i s   a   b e t t e r   m e t h o d ?
  3. D e s c r i b e   t h e   j u d g m e n t a l   a p p r o a c h   f o r   s i m p l i f i e d   p r e p a r a t i o n  o f   t h e   p r o  f o r m a   b a l a n c e   s h e e t .
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