Choose the Correct Statement: a Sales Budget

Choose the correct statement: a sales budget:

A) summarises all the planned activities of the business
B) is the budget that is the starting point in the budget process,determining the purchasing and operating expense levels
C) is the budget that shows how individual selling,distribution and administrative expense items behave when sales volume changes
D) is prepared from the budgeted sales,the budgeted operating expenses,and the budgeted cost of goods sold
E) is the budget of expected receipts and payments
F) is the budget that is the ending point in the budget process,and cannot be completed until all other budgets are prepared