Question 1
The ________ is a component of financial budgets.
◦ cost of goods sold budget
◦ budgeted income statement
◦ direct materials budget
◦ budgeted statement of cash flows
Question 2
The budgeting process is most strongly influenced by ________.
◦ the capital budget
◦ the budgeted statement of cash flows
◦ the sales forecast
◦ the production budget