The budgeted balance sheet is part of which element of the master budget?

a. Financial budget

b. Operating budget

c. Capital expenditures budget

d. None of the above Suppose Mallcentral sells 1,000 hardcover books per day at an average price of $30.
Assume that Mallcentral’s cost for the books is 75% of the selling price it charges retail customers. Mallcentral has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that selling and administrative expenses are $1,000 per day.