The budget that is prepared first of all is . . . . . . . .

cash budget
master budget
budget for the key factor
sales budget

The correct answer is: D. sales budget

A sales budget is a financial plan that projects sales revenue for a specific period of time. It is the foundation of the master budget, which is a comprehensive financial plan for an organization. The sales budget is prepared first because it is the most important factor in determining the financial needs of the organization.

A cash budget is a financial plan that projects cash receipts and disbursements for a specific period of time. It is used to ensure that the organization has sufficient cash on hand to meet its obligations.

A budget for the key factor is a financial plan that projects the costs associated with

288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube
a key factor in the organization’s operations. For example, a manufacturing company might prepare a budget for the key factor of direct labor.

The master budget is a comprehensive financial plan for an organization. It is prepared by combining the sales budget, the cash budget, and other budgets for the organization’s various departments and activities.

I hope this helps!