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17. The master budget contains the following components, among others: (1) direct-material budget, (2) budgeted balance sheet, (3) sales budget, and (4) cash budget. Which

17. The master budget contains the following components, among others: (1) direct-material budget, (2) budgeted balance sheet, (3) sales budget, and (4) cash budget. Which of these components would be prepared rst and which would be prepared last? m w A. 1 4 B. 1 2 C. 3 4 o. 3 2 E. 4 1

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