1) Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,800. Budgeted cash receipts total $192,000 and budgeted cash disbursements total $191,600. The desired ending cash balance is $31,800. To attain its desired ending cash balance for January, the company should borrow: A) $11,600 D) $31,800 B) $52,000 C) $0 2) 2) There are various budgets within the master budget. One of these budgets is the production budget. Which of the following BEST describes the production budget? A) It details the required raw materials purchases. B) It is calculated based on the sales budget and the desired ending inventory. C) It details the required direct labor hours. D) It summarizes the costs of producing units for the budget period. 3) When preparing a direct materials budget, the required purchases of raw materials in units equals: A) raw materials needed to meet the production schedule desired ending inventory of raw materials + beginning inventory of raw materials. B) raw materials needed to meet the production schedule - desired ending inventory of raw materials - beginning inventory of raw materials. C) raw materials needed to meet the production schedule + desired ending inventory of raw materials + beginning inventory of raw materials. D) raw materials needed to meet the production schedule + desired ending inventory of raw materials - beginning inventory of raw materials. 3) 4) A budget that is based on the actual activity of a period is known as a: A) flexible budget. C) static budget. 4) B) continuous budget. D) master budget