Which of the following is an advantage of a cash budget, Ask an Expert

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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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Financial Management, Finance

Category:- Financial Management
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