Why is there a difference between cash and income each month

Reference no: EM133729786

Problem: Pretzel Award Project Worksheet

Complete the corresponding five worksheets. Upon completion, submit your completed worksheets and also answer the following questions:

1) Why is it important to create a sales budget prior to creating any other budgets?
2) What item(s) might you find on the Income Statement, but NOT on the cash budget?
3) Why is there a difference between "cash" and "income" each month?

Reference no: EM133729786

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