Assume your friend is watching you prepare the master budget as part of your accounting homework.She notices that the sales budget affects both the budgeted income statement and the cash budget, but not by the same amount.Explain why the effect is not the same on the two budgets.

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The Answer of Assume your friend is watching you prepare the master budget as part of your accounting homework.She notices that the sales budget affects both the budgeted income statement and the cash budget, but not by the same amount.Explain why the effect is not the same on the two budgets.

Assume Your Friend Is Watching You Prepare the Master Budget