Question
Which of the following is an advantage of a cash budget over the percentage of sales method? I. A cash budget can more precisely estimate
Which of the following is an advantage of a cash budget over the percentage of sales method?
I. A cash budget can more precisely estimate the amount of financing needed.
II. A cash budget can better estimate the timing of financing needs.
| A. | Neither statement I nor II is correct. |
| B. | Only statement I is correct. |
| C. | Both statements I and II are correct. |
| D. | Only statement II is correct. |
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Principles Of Housing Finance Reform
Authors: Susan M. Wachter, Joseph Tracy
1st Edition
0812248627, 978-0812248623
