BUDGETING MANAGERIAL ACCOUNTING QUIZ 7.docx - BUDGETING...

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BUDGETING MANAGERIAL ACCOUNTING QUIZ 71.Which of the following will occur if X Co.'s actual sales in May are lower than its budgeted salesfor that month?a.X won't have enough cash to cover bills requiring payment in May.b.X's actual inventory at the end of May will be higher than budgeted.c.X's actual purchases in June will be higher than budgeted.
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Term
Spring
Professor
N/A
Tags
Balance Sheet, invoice, Current asset, X Co s actual sales

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