Which of the Following Would Be Prepared First When a Merchandising

question 4

Multiple Choice

Which of the following would be prepared first when a merchandising company uses a master budget?

• A) Selling and administrative expense budget
• B) Budgeted income statement
• C) Sales forecast
• D) Inventory purchases budget

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Definitions:

Receiving Forgiveness

Receiving forgiveness involves being granted pardon or absolution by someone who has been wronged or offended.

Giving Forgiveness

The act of pardoning or releasing resentment, anger, or blame towards another person.

Victimization

The process of being made a victim through harmful actions such as abuse, exploitation, or violence.

Sympathy

Sympathy is the feeling of pity, compassion, or sorrow for the misfortunes or suffering of others.