The following information pertains to Tiffany Company: Note 1: All sales are on account. Cash is collected from customers in the following manner: Tiffany Company Cash Budget 27 For the month of March Cash balance, beginning $5,000 Add: cash collections from customers 30 31 Cash payments: 32 Inventory purchases 33 Cash excess (deficiency) Financing: Borrowing Repayments Total financing Part 2: Why would Tiffany Company want to prepare a cash budget in advance? Please give two reasons. This must be specific to this question. No marks will be awarded for generic answers. ( 2 marks)