In the development of a cash budget, which of the following elements must be determined first?
A) Ending balance of Accounts Receivable
B) Direct materials purchases
C) Estimated sales in units
D) Cash for payroll

Question

Quizplus · Accepted Answer

Estimated sales in units must be determined first as they drive the revenue forecast, which in turn influences cash inflows and the overall cash budget.

In the Development of a Cash Budget, Which of the Following