Question: 1 . Using a cash budget is more useful than the percentage of sales method because: I. It can more precisely estimate the amount of

1. Using a cash budget is more useful than the percentage of sales method because:
I. It can more precisely estimate the amount of financing needed.
II. It can better estimate the time of financing needs.
Only statement I is correct
Only statement II is correct
Both statements I and II are correct
Neither statement I nor II is correct

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