5) The final output of the operating budget is and the final output of a financial budget A) budgeted balance sheet and budgeted stockholders' equity B) budgeted balance sheet and budgeted statement of cash flows C) budgeted statement of cash flows and budgeted balance sheet D) budgeted income statement and budgeted balance sheet E) None of the above 6) Santelle Company expects August sales to be $30,000. Approximately 40% of sales are cash sales. Collection of credit sales are 50% in the month of sale, 40% in the month following sale and 5% two months following sale. The remaining 5% is uncollectible. The expected cash collection in August from August sales is A) $9,000 B) $12,000 C) $21,000 D) $36,000 E) The correct answer is