1. Which of the following budgets comes after the production budget but before the cash budget? (1 Point) Sales budget Material purchases budget Budgeted balance sheet Budgeted income statement 2. Which of the following is NOT usually a way to estimate future sales? (1 Point) Trends in the company's sales data Estimates from the company's salespersons Sales are estimated based on expected costs Mathematical models adjusted by an experienced manager using professional judgment 3. A company expects to sell 15,000 units in the first quarter, 18,000 units in the second quarter, and 20,000 units in the third quarter. The company desires to maintain an inventory at the end of each quarter equal to 10% of next quarter expected sales. How many units does the company plan to produce in the second quarter? (14 (1 Point) 2,000 20,000 18,150 18,200