In advance, thank you thank you thank you**********It is important i know this as it may be part of my upcoming material and knowledge of this may be needed in order to participate in class*** ALSO IM SORRY THAT TECHNICALLY I AM ASKING MORE THAN ONE QUESTION! Do know i appreciate everything and anything you are willing to answer!!!!!

14. The budget committee consists of A) a company's stockholders. B) senior managers, including the CEO and CFO. C) D) all employees interested in providing input to the budgeting process. representatives from the stockholders and suppliers. 15. Target cost is computed by determining the appropriate selling price and then subtracting desired profit from it. A) True B) False 16. In a management by exception approach, only large, unfavorable variances are investigated. A) True B) False 17. Budgeting often involves both monetary and nonmonetary measures of performance. A) True B) False 18. Cost-plus pricing is circular for the manufacturing industry in that demand must be estimated to determine the fixed manufacturing costs per unit before the cost is marked up to obtain a selling price, which has a major impact on the quantity demanded. A) True B False 19. SalaRita's sales are 32% cash and 68% credit. Of the credit sales, 40% of credit sales are collected in the month of sale, 45% in the month following the sale, and 15% is collected two months after. Budgeted sales data is as follows: June $200,000 July 120,000 August 150,000 How much is total 'Accounts Receivable' at the end of August? A) $99,600 B) $61,200 C) $108,000 D) $73,440