QUESTION 15 Match the items below by entering the appropriate code letter in the space provided. L A selection of strategies to achieve long-term goals. A Budget B. Sales budget An estimate of expected sales for the budget period. Budgets that indicate the cash resources needed for expected operations Long-range planning and planned capital expenditures D Direct materials budget E. Financial budgets F. Sales forecast G Cash budget H Budget committee l. Financial budgets J. Master budget The projection of potential sales for the industry and the company's expected share of such sales Management's plans expressed in financial terms for a specified future time period A projection of anticipated cash flows A group responsible for coordinating the preparation of the budget A projection of production requirements to meet expected sales time period T A set of interrelated budgets that constitute a plan of action for a specified 7 An estimate of the quantity and cost of direct materials to be purchased