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: a. The beginning cash balance of January b. The total of cash balances at the end of January, February, and March c. The beginning cash balance of March d. The ending cash balance of January e. The ending cash balance of March Which of the following statements is false? Select one: a. A self-imposed budget is a budgeting process wherein person with responsibility for cost control prepares his or her own budget estimates and submits them to the next higher level of management. b. The amount of raw materials to be purchased in a period can be determined by adding the desired ending inventory for raw materials to the production needs and then deducting the beginning inventory for raw materials. c. In the merchandise purchases budget, the required purchases (in units) for a period is equal to the budgeted sales (in units) plus the beginning merchandise inventory (in units) minus the desired ending merchandise inventory (in units). d. The number of units to be produced in a period can be determined by adding the expected sales (in units) to the desired ending inventory (in units) and then deducting the beginning inventory (in units).