Multiple Choice (2 points each for 40 points total) 1. Snowbird Company expects to sell 10.000 parkos in January and 5,000 in February for $100 each. What will be the total sales revenue reflected in the sales budget for those months? a. January $10,000: February $5.000 b. January $100,000, February $50,000 c. January 81.000.000: February $500,000 d. None of the above 2. A March sales forecast projects 10.000 units of Product A and 12.000 units of Product B are going to be sold at prices of $11 and $13, respectively. The desired ending inventory of Product A is 20% higher than the beginning inventory, which were 1,000 units. How much are total March sales for Product A anticipated to be? a. $110,000 b. $130,000 c. $132.000 d. $156,000 The first step in preparing the operating budget is preparing the a. Sales budget b. Cash budget c. Budgeted Income statement d. Purchases budget The budget is the cornerstone of the master budge a. Cash b. Sales c. Budgeted income statement d. Purchases 1 1