Which of the following statements is NOT true about the Master Budget? O The Master Budget is also called a Static Budget. O The Master Budget results in a set of "pro forma" or budgeted financial statements. O The Master Budget is an integrated business plan. The Master Budget is the only budget used for performance evaluation purposes. As part of the budgeting process, which of the following budgets do NOT need to be completed to prepare the Cash Budget? The Sales budget O The Production budget The Selling and administrative expense budget None of the other answers. All these budgets need to be completed to prepare the Cash budget O The Manufacturing overhead budget Juju Company sells fidget spinners. At the beginning of Quarter 1, Juju Company's Accounts Receivable balance was $30,000. In Quarter 1, Juju expects to sell 15.000 units at $21 per unit. All Juju's sales are on credit with 40% collected in the quarter of the sale, and 60% in the quarter atter the sale. What is the amount of Juju's budgeted cash collections for Quarter 1 1? O $156,000 O $126,000 $30.000 $315.000 Floopy corporation produces and sells one product. Budgeted Sales Revenues for four months are shown below. January February March April Budgeted Sales Revenue $ 300,000 $ 310,000 $ 350,000 $360,000 All sales are on credit with 70% collected in the month of the sale and 30% in the following month. What are the expected cash collections for March? O $303,000 $338,000 O $353,000 $245,000 Sorbet Company's only direct material is sugar. Sorbet needs to purchase 110.000 pounds of sugar for Quarter 3's production in the upcoming year, and this Quarter 3 purchase will cost $82,500, Sorbet purchases all of its raw materials on account in Quarter 3, and pays cash for 35% of its purchases in the quarter purchased and 65% in the quarter after the purchase. If Sorbet's beginning Accounts Payable balance for Quarter 3 is $50,000, then what will be its total cash disbursements for materials in Quarter 37 O $50,000 $82,500 O $28.875 O $78,875