UNIT 8 $6,860 ($9,800 X .70) COST OF NEXT 7 UNITS = (8 X $6,860...

40. Correct answer c. A financial budget consists of the capital expenditure budget, the cash

budget detailing inflows, outflows, and borrowing needs, and the balance sheet. These

statements combined with the budgeted income statement produce the Statement of Cash

Flows.