An external sales forecast is based on O A. a buildup or consensus of sales forecasts through a firm's own sales channels OB. the prediction of a firm's sales over a given period through the analysis of the sales trends of its competitors O C. developing the pro forma income statement to forecast sales and then express the various income statement items as percentage of projected sales OD. the relationships between a firm's sales and certain key economic indicators such as GDP and consumer confidence 1 ft An internal forecast is based on O A. the prediction of a firm's sales over a given period through surveys sent to financial analysts OB. developing the pro forma income statement to forecast sales and then express the various income statement items as percentage of projected sales O c. the relationships between a firm's sales and certain economic indicators OD. a buildup, or consensus, of sales forecasts through a firm's own sales channels, adjusted for additional factors such as production capabilities Afirm has projected sales in May, June, and July of $100, 5200, and $300, respectively. The firm makes 20 percent of sales for cash and collects the balance one month following the sale. The firm's total cash receipts in July is O A. $200 OB. $220 O C. $180 OD. $140 The key input to any cash budget is A. the pro forma balance sheet O B. the current tax laws O C. the production plan O D. the sales forecast