_____ is generally prepared as the first step in preparing the operating budgets.
A)A sales budget
B)An operating expense budget
C)A purchases budget
D)A budgeted income statement

Question

Quizplus · Accepted Answer

A sales budget is generally prepared as the first step in preparing the operating budgets because it provides information on the expected sales revenue for the period, which is necessary for determining other budgets such as production, inventory, and operating expenses.

_____ Is Generally Prepared as the First Step in Preparing