Which one of the following tasks should be done first, when developing a comprehensive budget for a manufacturing company?
A)Determination of the advertising budget.
B)Development of a sales budget.
C)Determination of equipment acquisitions.
D)Development of the capital budget.

Question

Quizplus · Accepted Answer

The development of a sales budget is the first step as it will determine the revenue projection for the manufacturing company, which is essential for developing a comprehensive budget. The determination of equipment acquisitions and the development of the capital budget depend on the sales budget, while the advertising budget should be determined after the sales budget and other expenses have been accounted for.

Which One of the Following Tasks Should Be Done First