Which of the Following Statements Is Not Correct

question 13

Multiple Choice

Which of the following statements is not correct?

• A)The sales budget is the starting point in preparing the master budget.
• B)The sales budget is constructed by multiplying the expected sales in units by the sales price.
• C)The sales budget generally is accompanied by a computation of expected cash receipts for the forthcoming budget period.
• D)The cash budget must be prepared prior to the sales budget because managers want to know the expected cash collections on sales made to customers in prior periods before projecting sales for the current period.

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Definitions:

Sleep Cycle

A progression through various stages of NREM and REM sleep that occurs several times during a typical night, important for restorative processes.

Sleep Spindle

A burst of oscillatory brain activity visible on an EEG that occurs during stage 2 of sleep.

Alfred Binet

A French psychologist who innovated the first practical intelligence test in the early 20th century.

Intelligence

The ability to acquire knowledge, think abstractly, understand complex ideas, learn from experience, and solve problems.