Use the Information Below to Answer the Following Question(s)

question 141

Multiple Choice

Use the information below to answer the following question(s) .Boone Hobbies, a wholesaler, has a sales budget for next month of $600,000.Cost of units sold is expected to be 40 percent of sales.All units are paid for in the month following purchase.The beginning inventory of units is $20,000, and an ending amount of $24,000 is desired.Beginning accounts payable is $152,000.
-The operating budget includes the

• A)capital budget.
• B)cash budget.
• C)budgeted balance sheet.
• D)budgeted cash flow statement.
• E)production budget.

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