Use the information below to answer the following question(s).Gold Corporation has the following sales budget for the last six months of 2019:
Historically, the cash collection of sales has been as follows:

-The cash budget is a schedule of expected cash receipts and disbursements that

Question

Use the information below to answer the following question(s).Gold Corporation has the following sales budget for the last six months of 2019:
  Historically, the cash collection of sales has been as follows:
 
-The cash budget is a schedule of expected cash receipts and disbursements that

Quizplus · Accepted Answer

The cash budget is a schedule that predicts the effect on the cash position at given levels of operations. It takes into account expected cash receipts and disbursements, including those from accounts receivable and accounts payable, and is typically prepared after the sales forecast. The cash budget helps organizations manage their cash flow and ensure they have enough cash on hand to meet their obligations. It is not prepared by the organization's bank. Therefore, option D is the correct answer.

Use the Information Below to Answer the Following Question(s)