answersLogoWhite

0


Best Answer

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.

User Avatar

Wiki User

βˆ™ 2007-05-22 16:52:48
This answer is:
User Avatar
Study guides

What is the Gold Standard

What is Standard and Poors

What would add up 10.25 with quarters and dimes

Is a patent a financial asset

➑️
See all cards
3.92
β˜†β˜…β˜†β˜…β˜†β˜…β˜†β˜…β˜†β˜…
13 Reviews

Add your answer:

Earn +20 pts
Q: What are the basic benefits of developing pro forma statements and a cash budget?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the basic benefits and purposes of developing pro forma statements and cash budgets?

The pro-forma financial statements and cash budget enable the firm to determine its future level of asset needs and the associated financing that will be required. Futhermore, one can track actual events against the projections.Bankers and other lenders also use these financial statements as a guide in credit decisions.


What was the Production Budget for Basic?

The Production Budget for Basic was $50,000,000.


What are the three basic parts of a budget?

what are the 3 basic parts of a budget


What information does sales budget provide?

Sales budget provides the information about how many units of products needs to be sold and it is the basic information on which remaining budgets are prepared like production budgets or proforma financial statements.


And are the two basic components of a budget.?

The two basic components of a budget are income and expenses.


What was the Production Budget for Basic Instinct 2?

The Production Budget for Basic Instinct 2 was $70,000,000.


What two basic elements of a budget are income and expenses?

Actually, income and expenses are the two basic elements of a budget.


Benefit of accounting?

There are so many benefits of accounting. The basic ones include proper management of finances, it makes it easy to budget and plan for funds among others.


The basic financial statements of business organization?

I love you!


Which TI basic statements are used to branch?

TI-Basic doesn't support multi tasking.


What are basic programming language statements?

lol please answer question?


What is the use of visual basic?

Visual Basic is a programing language for developing computer applications.

People also asked

Is being a grocery bagger a good job for a 14 year old girl?

View results

How many feet of wire is in a slinky?

View results

How old is Samson of the Bible when he died?

View results

What are examples of possessive nouns serving as limiting adjectives?

View results

Does Wells Fargo have banks in Puerto Rico?

View results