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Purposes of developing pro forma statements-cash budget

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Reference no: EM132623713

1. What are the basic benefits and purposes of developing pro forma statements and a cash budget?

2. Discuss the advantage and disadvantage of level production schedules in firms with cyclical sales.

3. With inflation, what are the implications of using LIFO and FIFO inventory methods? How do they affect the cost of goods sold?

Reference no: EM132623713

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