What are two benefits of first forecasting sales

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A. What are two benefits of first forecasting sales before immersing the company in a detailed master budget process? [Think about where you are with what resources you have now, versus where you want to go that may possibly need more or different resources to get there].

B. The most common way to accelerate cash collections is to offer your customer a cash discount for early payment. The customer has the option but not the obligation on each payment to take or not take the cash discount. For example, a 1% discount offered to pay in 10 days instead of 30 days is setup in the accounting system as 1% 10/net 30. What about setting up or asking customers to pay online or to use VISA/MC? Is this better or not and less expensive or not than waiting for and processing checks received via US mail? Explain.

Reference no: EM131063189

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