I.- True or False. Fill in the space with your answer (V) or (F), always justify that you qualify it as false.

1. ___ A budget is the result of the accounting that the company performs for an accounting period already carried out.

2. ___ Through the breakeven point we determine the minimum quantity that a company must sell in order to have a moderate or balanced profit.

3. ___ The Direct Cost approach is the one that presents the cost of sale directly integrating the fixed and variable cost.

4. ____ Sales is an aspect that can be budgeted based on management's goals.

5. ____ The master budget only contemplates the estimation of the most important things for a company, such as its sales.