Which of the following statements regarding cash flows is true? Many managers consider cash flwo budgets to be the least important of all the budgets An long as accounting revenues exceed accounting expenses cash flow budgets do not have to be prepared It is possible for cash receipts to exceed revenues came in a given month As long as a manager is confident that here will eventually, be a cash receipt from a customer the timing of the cash receipt is not important. Which of the following is net of the sections that appears on a summary cash budget? Cash flows from manufacturing activities Cash flows from financing activities Cash flows from investing activities Cash flows from operating activities Browning Inc has projected the following sales information for the fourth quarter of 2009