QUESTION 13 The master budget is: One large, single budget prepared by the master in charge A budget prepared by only the sales department Several, interdependent budgets. Created by cash flow and cash from collections and disbursements. QUESTION 14 The following information is available from each quarter of the the Production Budget for the 2021 years Q1 Beginning inventory: $2,000 02 Beginning inventory: $3,000 03 Beginning inventory: $3,500 04 Beginning inventory: $4,000 What is the beginning inventory for the 2021 year? $12,500 $1,000 $2,000 54,000