You are watching: The essentials of effective budgeting do not include
a budget:a. Is the obligation of administration accountantsb. Is the primary an approach of communication agreed upon objectives throughout one organizationc. Ignores past performance because it to represent managements plans because that a future time periodd. Might promote efficiency however has no function in examining performance
The essentials of efficient budgeting do not include:a. Top-down budgetingb. Monitoring acceptancec. Research and analysisd. Sound business structure
compared to budgeting, long-range planning normally has the:a. Very same amount the detailb. Much longer time periodc. Very same emphasisd. Exact same time period
A sales spending plan is:a. Derived from the production budgetb. Managements best estimate the sales revenue because that the yearc. Not the starting point for the understand budgetd. Prepared just for credit transaction sales
The formula for the production budget is budgets sales in units plus:a. Desired ending merchandise list less start merchandise inventoryb. Start finished goods units less preferred ending finished products unitsc. Desired ending direct materials systems less beginning direct product unitsd. Desired ending finished goods units less start finished items units.
Each the the complying with budgets is used in preparing the budgeted income statement except the:a. Sales budgetb. Selling and also administrative budgetc. Resources expenditure budgetd. Straight labor budget
Expected direct materials to buy in Read firm are $70,000 in the very first quarter and also $90,000 in the 2nd quarter. Fourty percent the the purchases space paid in cash together incurred, and the balance is paid in the following quarter. The budgeted cash payments for purchases in the 2nd quarter are:a. $96,000b. $90,000C. $78,000D. $72,000
The budget for a merchandiser different from a budget from a manufacturer because:a. A merchandiser purchases budget plan replaces the production budgetb. The production budgets room not applicablec. No one of the aboved. Both a and b above
What budget plan is the beginning point in preparing the grasp budget? What may result if this budget is inaccurate?
the sales budget plan is the beginning point in preparing a grasp budget. One inaccurate sales budget plan may adversely influence net income. An overoptimistic sales budget may result in extreme inventories and a really conservative sales spending plan may result in perform shortages
The 3 sections the a cash spending plan are cash receipts, cash disbursements, and financing. The cash budget also shows the beginning and also ending cash balances
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