21. Budgets help managers: A. communicate directions and goals to different departments of a company to help them coordinate the actions they must pursue to satisfy customers and succeed in the marketplace. B. judge performance by measuring financial results against planned objectives, activities, and timelines to learn about potential problems. C. motivate employees to achieve their goals. D, all of the above. 22. Harrti Corporation has budgeted for the following sales: February March April Total Sales $15,000 $20,000 $25,000 Credit Sales $12,000 $10,000 $20,000 Credit Sales are collected as follows: 40% in the month of sale and 60% in the month following the sale. When will the Total Sales for April be collected? sh A $5,000 in cash sales will be collected in April; $8,000 in credit sales will be collected in April; and $12,000 in credit sales will be collected in May B. $5,000 in cash sales will be collected in April; $12,000 in credit sales will be collected in April; and $8,000 in credit sales will be collected in May C. $5,000 in cash sales will be collected in April; $8,000 in credit sales will be collected in May, and $12,000 in credit sales will be collected in June D. $10,000 in cash sales will be collected in March; $4,000 in credit sales will be collected in April; and $6,000 in credit sales will be collected in May ( 23. All of the following statements regarding cash budgets are true, except: A. Most firms must maintain a minimum cash balance in order to operate their business. B. It is more important for a cash budget to detail when sales are made than when cash is received from our sales C. A cash budget would detail when payments for equipment are made, not when the equipment is received. D. If our cash balance falls below the minimum needed to operate, we would need to borrow sufficient funds to attain the minimum threshold