The Management of Normanster Corp

question 56

Multiple Choice

The management of Normanster Corp., a multinational company, is in the process of preparing the operating budget for the company. It has already created the sales budget and the production budget. It is now creating a financial statement that would present a forecast of the expected revenue of the company from the projected sales. In the given scenario, the management is creating _____.

• A) a budgeted income statement
• B) a profit and loss statement
• C) the capital expenditure budget
• D) the cash budget