1n preparing a corporate master budget, which one of the following is most likely to be prepared last?
A.   Sales budget.
B.   Cash budget.
C.   Production budget.
D.   Cost of goods sold budget
解析：
正確答案：B
考點：master budget
1. Cash budget （現(xiàn)金預算）是最后一個編制的，因為要根據operating budget 和cash collection and disbursement schedule確定企業(yè)在該期間有哪些cash inflow和cash outflow，這樣才能編制cash budget。