39) In doing all of your budgets, now you are on your Cash Budget. You see that your forecast shows a negative balance in Cash, what is the most logical thing you should do about this situation ? (We discussed this in class) The company will just have to declare bankruptcy right now O Redo your forecast, it must be wrong. O Notify your bank that you may need to borrow money Change (fake) your forecasted sales, everything will be OK

39) In doing all of your budgets, now you are on your Cash Budget. You see that your forecast shows a negative balance in Cash, what is the most logical thing you should do about this situation ? (We discussed this in class) The company will just have to declare bankruptcy right now O Redo your forecast, it must be wrong. O Notify your bank that you may need to borrow money Change (fake) your forecasted sales, everything will be OK

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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