The First Step in the Preparation of Cash Budget Is

question 25

Multiple Choice

The first step in the preparation of cash budget is:

• A) preparing the sources and uses of funds statement
• B) sales forecast
• C) estimating cash inflows
• D) estimating cash outflows

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Definitions:

Categorical Variables

Variables that represent types or categories, grouping observations into distinct sets based on a characteristic such as gender or ethnicity.

Categorical Variable

A type of variable that can take on one of a limited, and usually fixed, number of possible values, assigning each individual or other unit of observation into a particular group or nominal category.

Indicator Variables

Variables used in statistical models to represent categorical data with two possible values, typically 0 or 1, indicating absence or presence of a characteristic.

Regression Model

A statistical method used to model and analyze the relationships among variables and often used to predict values of a dependent variable based on values of independent variables.