Jinx Company budgets its March sales at $70,000 and April sales at $80,000. It estimates that 60% of sales are made in cash and 40% are on credit. 70% of credit sales are collected in the month of sale and 30% are collected in the following month. Jinx also budgets its March inventory purchases at $40,000 and April inventory purchases at $35,000. It estimates that 30% of purchases will be paid during the current month, and 70% will be paid in the following month. On Jinx's budgeted Balance Sheet for the month of April, its Accounts Receivable balance will be:

		Managers should evaluate budget versus actual results only for poor performing units
		The company should never lower budget expectations in the middle of the year
		All employees should participate in the budgeting process
		Top management should set a firm budget and explain it to all employees

		$22,400
		$9,600
		$24,500
		$18,000 Which of the following is a suggested technique for managing the budgeting process in a manner that increases employee motivation?