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.

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Definitions:

Produce

To create or bring forth goods and services through various processes of production and labor.

Alienation

The feeling of disconnect or estrangement individuals experience when they are unable to find meaningful connections with their work, others, or the society at large.

Capitalism

An economic framework where capital goods are owned by individuals or companies, with investment decisions made privately, and where the pricing, manufacturing, and distribution of items are primarily governed by the competitive forces within an unrestricted market.

Human Potential

The innate possibilities and capabilities within every individual, which can be developed through growth-focused methods, education, and opportunities.