The ______________ budget is the cornerstone of the master budget.

Name: The ______________ budget is the cornerstone of the master budget.
Brand: Quizplus
Rating: 4.9 (59 reviews)

Question

Quizplus · Accepted Answer

The sales budget is the foundation of the master budget because it provides the basis for all other budgets. Without an accurate sales forecast, it would be challenging to plan for all other activities, including production, purchasing, and financing. Therefore, the sales budget is a critical component of the master budget.

The ______________ Budget Is the Cornerstone of the Master Budget