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:

M'Naghten Rule

A legal standard used to determine criminal liability, which states that a defendant cannot be found guilty if, at the time of the crime, they were so afflicted by a mental disease that they did not know the nature of the act or could not distinguish right from wrong.

Guilty Mind

A legal concept indicating that a person was aware of the wrongfulness of their actions at the time they committed a crime.

Psychoses

Severe mental disorders characterized by a disconnection from reality, which might include delusions and hallucinations.

Antisocial Behaviors

Actions that harm or lack consideration for the well-being of others, often associated with antisocial personality disorder.