The sales budget is considered the cornerstone of the master budget because
A. it determines the amount of materials to purchase for production.
B. it is prepared last and summarizes all of the other elements of the budget.
C. it plays a minor role in the preparation of the operating budget.
D. the level of sales affects almost all of the other elements of the master budget.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The sales budget is considered the cornerstone of the master budget because A. it determines the amount of materials to purchase for ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Walton Company paid $94,000 to purchase a machine on January 1, 2017. During 2019, a technological breakthrough resulted in the development of a new machine that costs $117,000.
Answers (1)
Your firm is a supplier to a major chain of discount stores. you have heard rumors that this chain of discount stores is in financial difficulty.
Answers (2)
If a nation's real GDP increases from 100 billion to 106 billion and its population jumps from 200 million to 212 million, it real GDP per capita will: A. remain constant. B. fall by 6 percent. C. rise by 6 percent. D. fall by 12 percent.
Answers (1)
Star Corp. has a rate of return on assets of 10% and a debt/equity ratio of 2 to 1 before entering into an operating lease. Not including any indirect effects on earnings, when Star Corp.
Answers (1)
The chief executive officer (ceo) of yahoo, marissa mayer, maintains that if a company builds the best product possible, profits will come. identify the phrase that represents the new vision she developed for yahoo.
Answers (1)
New Questions in Business
A few weeks after marion had her phone number changed, she wrongly gave out her former phone number. the most likely explanation for remembering the old number rather than her current number is
Answers (1)
If you purchase a gift worth $25 for your sister, but your sister would only pay $10 for the gift, then the:
Answers (1)
A man eats chips and dips and burgers and fries, and drinks a couple of shakes. afterward, he goes to the gym and does 90 minutes of aerobics, spends an hour on the stair stepper, and then does weights for another hour.
Answers (1)
Suppose a student tosses a fair coin consecutively seven times and gets tails each time. Which belief about the probability of getting tails on the next toss is NOT consistent with the hot-hand fallacy?
Answers (1)
Which of the following is not among the chief reasons organizations fail? Multiple Choice overemphasis on short-term financial performance emphasizing labor productivity in labor-intensive environments poor internal communications not investing in
Answers (1)