Accounting · Budgeting
What does the statement 'sales is the principal budget factor' mean?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Sales is the largest item in the budget
- 2The company's activities are limited by the level of sales it can achieve✓
- 3The level of sales will determine the level of profit at the end of the period
- 4The level of sales will determine the level of cash at the end of the period
Correct answer
The company's activities are limited by the level of sales it can achieve
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