Question 11 Not yet answered Marked out of 0.7 Flag question When preparing the cash budget for the first quarter of the year (January, February, and March), the ending cash balance of the quarter is equal to Select one: O a. The total of cash balances at the end of January, February, and March O b. The ending cash balance of January O c. The beginning cash balance of March O d. The beginning cash balance of January Oe. The ending cash balance of March Question 12 Not yet answered Which of the following statements is/are true? Select one: Marked out of 0.7 O O Flag question a. Production and inventory budgets form the basis for developing the sales budget. b. When managers intentionally set budgeted costs too high and budgeted revenues too low, they are creating budgetary slack. Oc. One disadvantage of participative budgeting is employees' tendency to overestimate of revenues. Od. In a production budget, beginning inventory in units plus budgeted units to be produced equals unit sales minus targeted ending inventory in units Oce. All of the given statements are true