QUESTION 53 Match the items below by entering the appropriate code letter in the space provided. A selection of strategies to achieve long-term goals A. Master budget B. Financial budgets v An estimate of expected sales for the budget period. Budgets that indic ate the cash resources needed for expected operations C. Cash budget The projection of potential sales for the industry and the company's Management's plans expressed in financial terms for a specified future v A projection of anticipated cash flows D. Sales budget E. Sales forecast and planned capital expenditures. expected share of such sales. time period F Financial budgets G. Direct materials budget H. Long-range planning 1. Budget A group responsible for coordinating the preparation of the budget.J Budget commitiee A projection of production requirements to meet expected sales A set of interrelated budgets that constitute a plan of action for a specified time period An estimate of the quantity and cost of direct materials to be purchased QUESTION 54 If there were 60000 pounds of raw materials on hand on January 1, 120.000 pounds are desired for inventory at Ja January production, how many pounds of raw materials should be purchased in January? 350 000 pounds 530 000 pounds 290 000 pounds d70 00hipeundis