accounting question help needed

Which of the following statements is not correct?

The sales budget generally is accompanied by a computation of expected cash receipts for the forthcoming budget period.

The sales budget is constructed by multiplying the expected sales in units by the sales price.

The sales budget is the starting point in preparing the master budget.

The cash budget must be prepared prior to the sales budget.

A company is preparing its cash budget for August. The budgeted beginning cash balance is $48,000. Budgeted cash collections (receipts) total $177,000 and budgeted cash disbursements total $176,000. The desired ending cash balance is $50,000. What is the excess (deficiency) of cash available over disbursements for August?

$49,000

$1,000

$225,000

$47,000

The basic idea underlying ____________________ is that a manager should be held accountable only for those items that the manager can actually control to a significant extent.

planning and control

the master budget

responsibility accounting

participative budgeting

A _________________ budget is a 12-month budget that rolls forward one month (or one quarter) as the current month (or quarter) is completed.

flexible

continuous or perpetual

participative

master

Which of the following is not one of the purposes of the budgeted income statement?

	To serve as a key source of information for preparing the sales budget
	To project budgeted income and expenses for a budget period
	To serve as a benchmark against which subsequent company performance can be measured
	To show the company's planned profit for the budget period