Answer_2 - 1 CORRECT

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1 CORRECT Which of the following is not a factor that causes some businesses to become profit rich, yet  cash poor? A) Rapid sales growth. B) An unusually long operating cycle. C) Slow inventory turnover. D) Fast accounts receivable turnover. Feedback: Correct. 2 INCORRECT Which of the following steps in the preparation of a master budget would logically be performed  last? A) Prepare a budgeted balance sheet. B) Prepare a sales forecast. C) Prepare production schedules. D) Prepare a cash budget. Feedback: Incorrect, the answer is a. 3 INCORRECT Which of the following steps in the preparation of a master budget would logically be performed  first? A) Prepare a budgeted balance sheet. B) Prepare a sales forecast. C) Prepare production schedules. D) Prepare a cash budget. Feedback: Incorrect, the answer is b. 4
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This note was uploaded on 11/23/2011 for the course MANAGEMENT 101 taught by Professor Nguyen during the Spring '11 term at Troy.

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Answer_2 - 1 CORRECT

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