The percent of sales method provides a general estimate,but the more detailed cash budget will ultimately be used to estimate financing needs.

Name: The percent of sales method provides a general estimate,but the more detailed cash budget will ultimately be used to estimate financing needs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The percent of sales method is a general estimate used to forecast future cash inflows and outflows. However, a detailed cash budget is necessary for estimating financing needs accurately.

The Percent of Sales Method Provides a General Estimate,but the More