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QUESTION 4 b. The Sales Budget have: a. 2 Sections: Sales Budget and Schedule of Cash Receipts. 2 Sections; Schedule Sales and Cash Budgets C.

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QUESTION 4 b. The Sales Budget have: a. 2 Sections: Sales Budget and Schedule of Cash Receipts. 2 Sections; Schedule Sales and Cash Budgets C. 3 Sections; Sales Budget, Inventory Budget and Seling Expenses. d. 3 Sections: Sales Budget, Inventory Budget and Cash Receipts. QUESTION 5 The time value of money concept recognizes the fact that the present value of a dollar to be received in the future is worth less than a dollar True False QUESTION 6 The Return on Investment (ROI) is; a. The operating income divided by the operating assets. b. The target of the sales department c. Encourages managers to make profitability that would rejected using ROI. The operating income less operating assets d

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