What is the starting point for the development of the master budget by merchandisers?
A)cash budget
B)sales budget
C)selling and administrative expenses budget
D)expenditures budget

Question

Quizplus · Accepted Answer

The sales budget is the starting point for the development of the master budget by merchandisers. It provides the foundation for all other budgets and forecasts, including production, inventory, purchases, and selling and administrative expenses. By forecasting sales volumes and prices, merchandisers can estimate their anticipated revenues and build their budget from there.

What Is the Starting Point for the Development of the Master