28. Spurs' soccer forecasts the following sales figures for the next four months.

April	May	June	July
$250 000	$150 000	$225 000	$150 000

Cash sales average 10 per cent of total sales and credit sales are collected 50 per cent in the month of sale and 50 per cent in the month following sale. What are the estimated cash collections in May?

Select one:

$195 000

$203 800

$207 500

$150 000

29. Employees may create budgetary slack because

Select one:

their performance will look better if they beat the budget.

helps them cope with uncertainty.

they believe their budget requests will be cut.

All of the given answers

Meaningful involvement of staff in the budgetary process is known as

Select one:

participative budgeting.

budgeting slack.

zero-based budgeting.

padding the budget.