Which of the following statements regarding cash flows is true? Many managers consider cash flow budgets to be the least important of all the budgets. As long as accounting revenues exceed accounting expenses, cash flow budgets do not have to be prepared. It is possible for cash receipts to exceed revenues earned in a given month. As long as a manager is confident that there will eventually be a cash receipt from a customer, the timing of the cash receipt is not important.

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant.a. the division's basic earning power ratio is above the average of other firms in its industry.b. the division's total assets turnover ratio is below the average for other firms in its industry.c. the division's debt ratio is above the average for other firms in the industry.d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.