Which of the following statements about the cash budget is not correct? The cash

Question

Which of the following statements about the cash budget is not correct? The cash budget is prepared after the sales budget and other budgets have been prepared O Generally speaking. the cash budget should be broken down into time periods that are as long as feasible O A cash budget is a detaled pilan showing how cash resources will be acquired and used during the budget period O The four major sections in the cash budget are cash collections (receipts), cash disbursements, cash excess or O The four major sections in the cash budget are: cash colections (receipts).cash disbursements deficiency, and financing

Explanation / Answer

According to me, the following are the answers

a. 2nd option I.e. generally speaking, the cash budget should be broken down into time periods that are as long as feasible

b. Your second answer is absolutely correct I.e. (170000*24%)+(150000*65%)+(140000*8%) = $149500

c. Your third answer is alsi correct I.e. (175000*60%)+(145000*40%) = $163000

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