Regarding the Sales Budget,which of the Following Statements Is Incorrect

question 173

Multiple Choice

Regarding the sales budget,which of the following statements is incorrect?

• A) The forecast of sales revenue is the cornerstone of the master budget.
• B) The level of sales affects expenses and almost all other elements of the master budget.
• C) The budgeted sales are carried from the sales budget to the balance sheet.
• D) Budgeted total sales for each product equal the sales price multiplied by the expected number of units sold.

---

Definitions:

Legislative Decisions

Decisions made by a legislative body, such as a parliament or congress, that result in laws or amendments to existing laws.

National Council Licensure Examination

A nationwide examination for the licensing of nurses in the United States and Canada to ensure their competence to practice nursing.

Baccalaureate Degree

An undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to seven years (depending on institution and academic discipline).

Doctor of Philosophy Degree

An advanced academic degree awarded by universities, representing the highest level of study and research in a specific field of knowledge.