Question: Questions 1. Why is it important to create a sales budget prior to creating any other budgets? It helps the company plan and manage costs

Questions

1. Why is it important to create a sales budget prior to creating any other budgets? It helps the company plan and manage costs based on expected sales based on prior sales.

2. What item(s) might you find on the Income Statement, but NOT on the cash budget?

3. Why is there a difference between cash and income each month?

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