The cash budget is a useful tool in the planning process. Which of the following is not a true statement relating to the preparation of a cash budget?
a.
The cash budget is usually broken down into monthly periods.
b.
The cash budget shows itemized cash receipts and disbursements during the period, including the financing activities and the beginning and ending cash balances.
c.
The cash budget is typically done before all other budgets.
d.
The cash budget alerts management to periods when there will be excess cash available for investment.
