The first step in preparing the operating budget is preparing the

Name: The first step in preparing the operating budget is preparing the
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The first step in preparing the operating budget is to prepare the sales budget, which is an estimate of the amount of revenue the business expects to generate during the budget period. This information is then used to develop the rest of the operating budget, including the operating expense budget, purchases budget, and budgeted income statement.

The First Step in Preparing the Operating Budget Is Preparing