Question;Using your course text, pages 320-322, compare Tables 16.13 and 16.9. How are the sales receipts in Table 16.13 different from total sales on Table 16.9? Explain how creditor payments in Table 16.13 differ from cost of sales on Table 16.9. What is the difference between a budget and cash forecast?Now consider the complexities of forecasting cash flow. Take the perspective of either a small business owner or a finance manager at a large corporation. Identify at least three variables that can affect cash flow. For each variable you identify, explain its impact on cash flow. Provide examples to support your points. What are the benefits of accurately predicting cash flow?
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