Answer:
The usual starting point for preparing a master budget is forecasting or estimating: b. sales.
Forecasting or estimating sales is typically the first step in creating a master budget. This is because sales projections serve as a foundation for determining the expected revenue and overall financial performance of a business. From the sales forecast, other elements such as production, expenditures, and income can be derived and budgeted accordingly. Therefore, salesing process. forecasting is a crucial initial step in the budget