Explain the role of a sales forecast in budgeting what is


1. What is a master budget? An operating budget? A financial budget?

2. Explain the role of a sales forecast in budgeting. What is the difference between a sales forecast and a sales budget?

3. All budgets depend on the sales budget. Is this true? Explain.

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Finance Basics: Explain the role of a sales forecast in budgeting what is
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