24. Esko has in Mast sales to be $125,000 in February, $135,000 in March, $150,.000 in April, and All sales are made on credit and sales are collected 60% in the month of sale. and 40% the following. A, $144,000 month following. What are budgeted cash receipts in April? B. $141,000 C. $150,000 D. $105,000 emple, Inc. is considering three different independent investment opportunities. The present as ure cash flows, initial investment, and net present value for each of the projects are Project C Project A Project B Present value of $500,000 $600,000 S350.000 future cash flows 230.000 $270,000 Initial imvestment 300,000 $250.000 320,000 $280,000 Net present value In what order should Temple prioritize investment in the projects? A. A, B, C B. C, B, A C. A, C,B D. C, A, B 26. Which of the following is the backward-looking phase of the planning and control cycle? A. Planning B. Directing/Leading C. Organizing D. Controlling 27. Participative budgeting is an approach to budgeting that A. is top-down in nature B. allows top management to set the budget C. discourages budget slack D. is more likely to motivate people to work towards the organization's goals than a top-down approach A. Sales budget - production budget- direct materials budget- budgeted income statement B. Budgeted income statement - direct materials budget-production budget- sales budget C. Cash receipts budget - sales budget - production budget - budgeted income statement 28. Which of the following sequences is correct? D. Inventory budget-production budget - sales budget- selling and administrative budget