Incorrect Question 1 One of the things that is NOT a benefit of budgeting is 0/1 pts Allows managers to build in slack to make them look better Forces managers to look ahead and state their goals for the future Provides motivation for employees to work towards organizatinal goals Promotes the communication and coordination among the different areas of the company Question 2 1/1 pts The Hammond Company was wanting to create the Selling and Administrative Expenses Budget. Which budget must be completed before that budget can be done? Cash Budget Sales Budget Production Budget Materials Purchases Budget Incorrect Question 4 0/1 pts Keates Company has sales, of which 40% are cash. Of the credit sales, 30% are collected in the month of sale and the balance is collected in the following month. Sales were as follows: January $10,000 February $12,000 March $11,000 What were cash collections in February? 6,360 ns Incorrect Question 5 0/1 pts Keates Company has sales, of which 40% are cash. Of the credit sales, 30% are collected in the month of sale and the balance is collected in the following month. Sales were as follows: January $10,000 February $12,000 March $11,000 What were accounts receivable at the end of March? 4,000