Question 23 (2 points) A pro forma balance sheet includes ending cash balance sales revenue beginning cash balance dividends Question 24 (2 points) Accounts Receivable on the pro forma balance sheet is derived from m the Accounts Receivable Budget 21 the Sales Budget 24 the Cash Disbursements Budget 27 the Cash Collections Budget Question 25 (2 points) The cash balance on the pro forma balance sheet matches The net income on the pro forma income statement The minimum cash per company policy Beginning cash on the pro forma Statement of Cash Flows Ending cash on the cash budget 18 Question 26 (2 points) A good way to assess whether variable costs are under control is 21 comparing the flexible budget to actual results comparing a planning budget to the flexible budget. 24 comparing a planning budget to actual results. 27 comparing the actual results from last year to the actual results for this year. Question 28 (2 points) Which of the following is true? Fixed costs can be ignored in a flexible budget because they don't change with activity level. Fixed costs are not needed by managers interested in controlling costs. Fixed costs have no activity variance. Fixed costs have no spending variance