Steve has estimated the cash inflows and outflows for his sporting goods store for next year.The report that he has prepared summarizing these cash flows is called a:
A) pro forma income statement.
B) sales projection.
C) cash budget.
D) receivables analysis.
E) credit analysis.

Question

Quizplus · Accepted Answer

A cash budget is a report that outlines estimated cash inflows and outflows for a specific period of time. It helps businesses plan and manage their cash flow effectively. Pro forma income statements only show expected revenues and expenses, sales projections only show expected sales, receivables analysis only focuses on outstanding payments from customers, and credit analysis only focuses on the creditworthiness of potential customers.

Steve Has Estimated the Cash Inflows and Outflows for His