Answer:
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.
Explanation:
- From the statements the cash budget must be prepared in advance to the sales budget is not corrects. As the sales budget is prepared first and it establishes a format for the budget that is critical for the company successes and it thus consists of the different elements that depend in how a business is organized.
Answer:
The correct answer is C
Explanation:
Break even Sales is computed as:
Contribution margin ratio = Fixed Cost / Break even Sales
where
Contribution margin ratio = 1 - Variable expense of 80%
= 20%
Fixed Cost is $840
30% = $840 / Break even Sales
Break even Sales = $840 / 20%
= $4,200
The actual sales is computed as:
Actual Sales = (Fixed Cost + Desired Profit) / Contribution margin ratio
= ($840 + $6,600) / 20%
= $7,440 / 0.2
= $37,200
The margin of safety is computed as:
Margin of Safety = Actual Sales - Break even sales
= $37,200 - $4,200
= $33,000
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</span>
The correct answer<span> is D. leadership behavior</span>
Authoritarian is too harsh while consideration and theory are incorrect.
