Shane wishes to create a financial blueprint for a future period that reflects such items as expected sales revenues,operating expenses,and cash receipts and disbursements.Shane wants to create a(n)_____.
A)sales forecast
B)statement of cash flows
C)income statement
D)budget

Question

Quizplus · Accepted Answer

Shane wants to create a budget, which is a financial plan that outlines expected sales revenues, operating expenses, and cash receipts and disbursements for a future period. A sales forecast predicts future sales revenue, a statement of cash flows summarizes a company's inflow and outflow of cash, and an income statement shows a company's revenue and expenses over a specific time period.

Shane Wishes to Create a Financial Blueprint for a Future