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Question 6 (6 points) The master budget process usually begins with the: operating budget production...

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Question 6 (6 points) The master budget process usually begins with the: operating budget production budget cash budget sales budget The acid-test ratio is a test of the quality of accounts receivable-in other words, whether they are likely to be collected. True False Question 8 (4 points) The budget or schedule that provides necessary input data for the direct labour budget is the production budget. True False

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