Only need Answer no need to explain

Question 23 The starting point in the budgeting process is generally what type of budget? Not yet answered Marked out of 1.00 P Flag question O a. Cash Flow O b. Capital Expenditure O c. Operating revenue O d. Profit Budget Question 24 How is the profit margin ratio calculated? Not yet answered Marked out of 1.00 F Flag question O a. By dividing profit (loss) by shareholders' equity O b. By dividing gross profit (loss) by sales revenue O c. By dividing gross profit (loss) by sales revenue O d. By dividing profit (loss) by net assetsTime left 3:24:26 Question 25 If total assets equal 3295 000, total liabilities are $165 000 and total equity equals $130 000, then net assets equals: Not yet answered Marked out of 1.00 F Flag O a. 1295 000. question O b. 3130 000. O c. 130 000. O d. 3165 000. Question 26 After an investment decision is made, the next step is Not yet answered Marked out of 1 00 P Flag question O a. To analyse the data collected for decision making O b. To start the planning process O c. Physical implementation of the project or investment O d. To arrange finance for the project