The percent-of-sales method is more detailed than the cash budget method.

Name: The percent-of-sales method is more detailed than the cash budget method.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The percent-of-sales method is less detailed than the cash budget method because it primarily focuses on estimating sales and the various expenses as a percentage of sales, whereas the cash budget method involves a detailed projection of cash inflows and outflows, providing a more comprehensive view of a company's cash position.

The Percent-Of-Sales Method Is More Detailed Than the Cash Budget