You are watching: The essentials of effective budgeting do not include
a budget:a. Is the duty of administration accountantsb. Is the primary an approach of communication agreed upon missions throughout one organizationc. Ignores previous performance since it represents managements plans because that a future time periodd. Might promote efficiency but has no role in assessing performance
The essentials of reliable budgeting do not include:a. Top-down budgetingb. Management acceptancec. Research and also analysisd. Sound business structure
compared come budgeting, long-range planning usually has the:a. Exact same amount the detailb. Longer time periodc. Same emphasisd. Very same time period
A sales budget plan is:a. Obtained from the production budgetb. Managements finest estimate the sales revenue because that the yearc. No the beginning point for the understand budgetd. Prepared only for credit transaction sales
The formula because that the production budget is budgets sales in devices plus:a. Desired ending merchandise list less beginning merchandise inventoryb. Start finished goods units less desired ending finished items unitsc. Wanted ending direct materials units less beginning direct product unitsd. Desired ending finished products units less beginning finished goods units.
Each of the adhering to budgets is supplied in preparing the budgeted income statement other than the:a. Sales budgetb. Selling and administrative budgetc. Capital expenditure budgetd. Direct labor budget
Expected straight materials to buy in Read agency are $70,000 in the very first quarter and $90,000 in the 2nd quarter. Forty percent that the purchases are paid in cash as incurred, and also the balance is paid in the adhering to 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 differs from a spending plan from a manufacturer because:a. A merchandiser purchases budget replaces the production budgetb. The manufacturing budgets space not applicablec. None of the aboved. Both a and also b above
What budget plan is the starting point in prepare the understand budget? What may result if this budget is inaccurate?
the sales budget is the starting point in prepare a master budget. An inaccurate sales budget may adversely affect net income. An overoptimistic sales spending plan may an outcome in extreme inventories and a an extremely conservative sales spending plan may result in inventory shortages
The three sections the a cash budget are cash receipts, cash disbursements, and financing. The cash budget likewise shows the beginning and ending cash balances
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