Which of the Following Statements Is Not Correct

question 38

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.The sales budget is always complete first.

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Definitions:

Value Patterns

The unique set of beliefs and values that guide an individual's actions and decision-making processes.

Values

Core beliefs or principles that guide an individual's actions and judgments, reflecting what is important to them.

Attitudes

A settled way of thinking or feeling about something, reflecting an individual's views or opinions.

Internet

A global network of computers that allows users to access and exchange information over vast distances instantly.