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  1. Picanuy Corporation has collected the following information to prepare master budget.

The question is mentioned in the attached photo. 

Required:

  1. Main objective of the master budget is to coordinate activities of the organization.” Justify the statement.
  2. Merchandise purchase budget for three month ending march
  3. Cash budget for three month ending march
  4. Income statement for three month ending march
  5. Balance sheet as of March