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What are the basic benefits of developing pro forma statements and a cash budget?
Wiki User
∙ 16y ago
The basic benefits and purposes of developing pro forma statements is the firm is able to estimate its future level of receivables, inventory, payables, and other corporate accounts as well as its anticipated profits and borrowing requirements. The basic benefits and purposes of developing a cash budget are to allow the firm to anticipate the need for outside funding at the end of each month.
Wiki User
∙ 16y ago
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