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25 Which one is True? The Master Budget is also referred to as the Cash Budget A Budget will create an Early warning system for a Business Budgeted Financial Statements are usually prepared first in the Budget Process The Budget Process usually does not Start until after the Budgeted Period Begins Question 24 3.6 pts Which one is True? Budgets Usually Motivate employees to meet planned objectives A Budget can be prepared for Any Length of Time All of these Choices are TRUE The Budgeting Process usually Begins several Months before the Budget Period Begins The Master Budget is the Set of interrelated Budgets for an Organization Question 21 3.6 pts Compute the Net Monthly Mortgage Interest Cost, After Taxes. We have an Interest Only Home Loan of $480,000, with an Interest Rate of 4.50% and a Tax Rate of 35%. Question 22 Question 17 3.6 pts Which one is the most valuable Investment option, assuming an interest rate of 4%. $40,000 Payment in 20 Years $10.000 Payment Today $20.000 Payment in 10 Years 3.6 pts Question 18 Compute the Amount we will have in 20 years. Assume we can save $9,000 per year for the next 20 years, with an interest rate of 8% compounded Annually. $180,000 $88,363 O $838,800 0 $412,000 O $288,000