In Preparing an Operating Budget,the Sales Budget Is Prepared First

question 28

Multiple Choice

In preparing an operating budget,the sales budget is prepared first.Which of the following is prepared next?

• A) Capital expenditures
• B) Budgeted income statement
• C) Inventory, purchases and cost of sales
• D) Electricity and gas

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Definitions:

One Parent

One Parent refers to a family structure where a child or children are raised by a single parent rather than by both parents together.

Individual Achievement

The accomplishment of personal goals or the attainment of success by an individual through their own efforts and talents, often celebrated in cultures that value independence and personal growth.

American Indian Families

Families belonging to the indigenous peoples of the Americas, with diverse cultures, traditions, and histories.

Discipline and Responsibility

The practice of training oneself to follow rules or a code of behavior, using punishment to correct disobedience, and taking accountability for one’s actions.