20A sales forecast

shows forecasts for the industry and for the firm.

shows a forecast for the industry only.

plays a minor role in the development of the master budget.

shows a forecast for the firm only.

21The following information was taken from Bonita Industriess cash budget for the month of July:

Beginning cash balance	$430000
Cash receipts	244000
Cash disbursements	464000

If the company has a policy of maintaining a minimum end of the month cash balance of $310000, the amount the company would have to borrow is

$210000.

$66000.

$120000.

$100000.

22.Sheridan Company is preparing its direct labor budget for May. Projections for the month are that 32000 units are to be produced and that direct labor time is three hours per unit. If the labor cost per hour is $10, what is the total budgeted direct labor cost for May?

945000.

900000.

960000.

930000.