Concept Check Question 24-23 Which one of the following budgets would not be prepared for a merchandising com pany? O Capital expenditures budget. O Cash budget. O Production budget. Merchandise purchases budget. Insight Box Concept Check 09 If a university's endowment fund value drops leading to falling earnings or income, the university O is most likely to drop tuition rates. O can maintain scholarships out of the endowment fund's principal O will raise tuition to offset its falling endowment income. may need to cut scholarships to students