Use the Information Below to Answer the Following Questions

question 19

Multiple Choice

Use the information below to answer the following questions.
Saddle Company, a leather manufacturer, has a sales budget of $500,000 for February. The cost of sales is estimated to be 35% of sales. All materials purchased by Saddle Company are paid for in the month following the purchase. The beginning inventory for February is $10,000, and an ending inventory of $11,000 is desired. The trade payables balance at the beginning of February is $88,000.
-Which report provides a projection of income for a period of time into the future?

• A) projected balance sheet
• B) cash budget
• C) projected income statement
• D) none of the above

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Definitions:

Primary

Referring to something that is of first importance or serves as the original source.

Strategic

Pertaining to the identification of long-term or overall aims and interests and the means of achieving them.

Primary Stakeholder

An individual or group that has a direct investment, interest, or involvement in the outcomes of an organization.

Political Action Group

An organization that seeks to influence political decision-making and public policy, often through lobbying, campaigning, and public advocacy.