The budgeted statement of cash flows is part of which element of master budget? a. The financial budget b. The operating budget c. The capital expenditures budget d. None of the above Use the...

The budgeted statement of cash flows is part of which element of master budget?

a. The financial budget

b. The operating budget

c. The capital expenditures budget

d. None of the above

Use the following information to answer questions 4 through 6. Suppose Mallcentral sells 1,000,000 hardcover books a day at an average price of $30. Assume that Mallcentral’s purchase price for the books is 75% of the selling price it charges retail customers. Mallcentral has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that operating expenses are $1,000,000 per day.