Which the true of following statements are with regard to a cash budget check all that apply. O An advantage of the cash budget over other financial forecasting tools is its ability to reflect the precise timing and magnitudes of a firms expected cash inflows and outflows. 0 Cash budgets can be used to plan, coordinate, and control a firms activities. O A cash budget provides information about a companys ability to repay its loans or meet its other obligations. 0 Annual budgeting information usually provides sufficient information to manage most companies. Assume that Lincoln Co. has the following accounts receivable pattern: Month of sale 50% Month following the sale 50% All sales are on credit. If sales in November and December are budgeted to be $300,000 and $400000, respectively, the cash expected to be collected in December is $