Which of the following is least likely to have a formal budget?

		the balance sheet
		the income statement
		the statement of cash flows
		the statement of changes in owners equity

The initial budgets have been compiled and result in an unacceptable level of budgeted net income. Which of the following will help to resolve the problem with the least amount of internal disturbance?

		Reduction in operating expenses
		Reduction in production cost
		increase in units produced and sold
		increase in unit price