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4 Why is the sales forecast the starting point in budgeting? 5. What is a self-imposed budget? What are the major advantages of self-imposed budgets?

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4 Why is the sales forecast the starting point in budgeting? 5. What is a self-imposed budget? What are the major advantages of self-imposed budgets? What caution must be exercised in their use? 6- The principal purpose of the cash budget is to see how much cash the company will have in the bank at the end of the year Do you agree? Explain

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