A planning calendar in budgeting is the:

<p><em><strong>A. Calendar period covered by the budget.</strong></em></p> <p><em><strong>B. Schedule of activities for the development and</strong></em></p> <p><em><strong>adoption of the budget.</strong></em></p> <p><em><strong>C. Calendar period covered by the annual budget</strong></em></p> <p><em><strong>and the long-range plan.</strong></em></p> <p><em><strong>D. Sales forecast by months in the annual budget</strong></em></p> <p><em><strong>period.</strong></em></p>