loader  Loading... Please wait...

Question(s) / Instruction(s):

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.

Find Similar Answers by Subject

Student Reviews

Rate and review your solution! (Please rate on a Scale of 1 - 5. Top Rating is 5.)

Expert's Answer
Download Solution:

This solution includes:

  • Plain text
  • Cited sources when necessary
  • Attached file(s)
  • Solution Document(s)

You Recently Viewed...

Reach Us