6. Which of the following statements is NOT correct concerning the Cash Budget? A. It is not necessary to prepare any other budgets before preparing the Cash Budget. B. The Cash Budget should be prepared before the Budgeted Income Statement. C. The Cash Budget should be prepared before the Budgeted Balance Sheet. D. The Cash Budget builds on earlier budgets and schedules as well as additional data, 7. All of Gaylord Corporation's sales are on account. Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder are collected in the second month following sale. The following are budgeted sales data for the company: January February March April Total sales $50.000 $60,000 $40,000$30,000 What is the amount of cash that should be collected in March? A. S 24,000 B. S 37,000 C. $ 41,000 D. $ 51,000 E. None is the answer 8. Parwin Corporation plans to sell 23,000 units during August If the company has 8,000 units on hand at the start of the month, and plans to have 9,000 units on hand at the end of the month, how many units must be produced during the month? A. 24,000 B. 22,000 C. 32,000 D. 31,000 E. None of the above