The starting point for preparing a monthly budget is:
A)Projecting sales.
B)Projecting production.
C)Projecting cash inflows.
D)Projecting cash outflows.
E)Projecting material needs.

Question

Quizplus · Accepted Answer

Projecting sales is typically the starting point for preparing a monthly budget because sales projections help determine the levels of production, cash inflows, cash outflows, and material needs required to meet those sales targets.

The Starting Point for Preparing a Monthly Budget Is