Which statement about budgets is incorrect?

Answer:

A.

They determine the cash required for future operations.

B.

They determine the maximum amount that should be spent on expenses.

C.

They determine the merchandise purchases required to achieve various sales levels.

D.

They report on the results of operations to outside parties.

Why set title rows?

Answer:

A.

They help you keep track of different worksheets in the workbook.

B.

They are preformatted to align with common financial statements.

C.

They help you visualize the printout from Page Layout view.

D.	You want every page of a printed worksheet to include them.