Which one of the following sets of items are all necessary components of the master budget? 1.
Question:
Which one of the following sets of items are all necessary components of the master budget?
1. Prior sales reports, capital expenditures budget, and financial budgets.
2. Sales budget, operating budgets, and historical financial budgets.
3. Operating budgets, financial budgets, and capital expenditures budget.
4. Operating budgets, historical income statement, and budgeted balance sheet.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (18 reviews)
Correct answer is ...View the full answer
Answered By
Jinah Patricia Padilla
Had an experience as an external auditor in Ernst & Young Philippines and currently a Corporate Accountant in a consultancy company providing manpower to a 5-star hotel in Makati, Philippines, Makati Diamond Residences
5.00+
120+ Reviews
150+ Question Solved
Related Book For
Question Posted:
Students also viewed these Cost Accounting questions
-
Which one of the following compounds is most consistent with the infrared spectrum given in Figure 13.31? Explain your reasoning.
-
Which one of the following statements is true regarding common stock and preferred stock? a. Preferred stockholders always have the right to vote in corporate matters. b. Common stockholders are the...
-
Which one of the following is not a primary reason companies invest in other companies? a To earn return on excess cash b. To eliminate risk in other investments c. To gain influence over another...
-
Adrian Webb bought 618 bricks to build a barbecue pit, paying $185.40. Find the cost per brick. (HINT: Cost per brick means the cost for one brick.) The cost per brick is s (Round to nearest hundidth)
-
Assume you have just been hired as a business manager of Pizza Palace, a regional pizza restaurant chain. The company's EBIT was $50 million last year and is not expected to grow. The firm is...
-
Skylar is single and earns $410,000 in salary during 2018. What is the amount of 0.9 percent Medicare tax for high-income taxpayers that his employer must withhold from his wages? a. $1,890 b. $1,800...
-
Locate questions that can be used during a debtors examination once a judgment is obtained. Try to find questions specific to California, as many states have limits on the types of questions that can...
-
Refer to the information in Problem. In Problem Required Prepare the cash flows from operating activities section only of the companys 2015 statement of cash flows using the direct method. LANSING...
-
< On July 1, Coastal Distribution Company is considering leasing a building and buying the necessary equipment to operate a public warehouse. Alternatively, the company could use the funds to invest...
-
Sarah and Gabe are considering the following transactions and have asked you to explain the impact of the transactions on their Statement of Financial Position: Purchase a baseball card collection...
-
Assume that Apples iMac division is charged with preparing a master budget. Identify the participantsfor example, the sales manager for the sales budgetand describe the information each person...
-
The motivation of employees is one goal of budgeting. Identify three guidelines that organizations should follow if budgeting is to serve effectively as a source of motivation for employees.
-
Suppose a digital camera has a storage capacity of 256MB. How many photographs could be stored in the camera if each consisted of 1024 pixels per row and 1024 pixels per column if each pixel required...
-
These are the component forms of vectors u and w: u = (2,5) w=(3,-2) Answer two questions about the subtraction - w. Performing the subtraction using the parallelogram rule, with u and -w starting at...
-
Evaluate. log 5625
-
If a financial institution was reviewing the financial statements of corporation to determine if they would be able to meet the interest payments, which ratio would be best to use? 2. When using...
-
Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the year Job P and Job Q . The company uses a...
-
In 2016, TallyHo Farms acquired production machinery at a cost of 430,000. In 2019, when accumulated depreciation was 180,000, Bambung reported an impairment loss of 78,000. Now, in 2023, the...
-
In the UML notation a class can be represented by (a) A rectangular box with the name of the class in the box (b) A rectangular box with the name of the object, a : and the class name that the object...
-
How will relating product contribution margin s to the amount of the constrained resource they consume help a company maximize its profits?
-
Show that Use this result to integrate (a) sin 1 x (b) ln x (c) cosh 1 x (d) tan 1 x froodx -xf f(x)dx= xf(x) - xf'(x)dx
-
At the beginning of the year, a company predicts total overhead costs of $560,000. The company applies overhead using machine hours and estimates it will use 1,400 machine hours during the year. What...
-
At the beginning of the year, a company predicts total overhead costs of $560,000. The company applies overhead using machine hours and estimates it will use 1,400 machine hours during the year. What...
-
EcoSkate makes skateboards from recycled plastic. For a recent job lot of 100 skateboards, the company incurred direct materials costs of $600 and direct labor costs of $200. Overhead is applied...
-
Compare and contrast digital evidence and non-digital evidence. Provide three examples of how they are similar and three examples of how they are different. You must use the provided course materials...
-
In May of 2015, Mr. Miradi made an oral agreement with Mr. Miondoko for the sale of a piece of land situate in Nyeri County Land title No. Gakawa/Kahurura Block III/Mwichwiri/823 for a price of KShs....
-
and QB- Two identical point charges (+2.27 10-9 C) are fixed in place, separated by 0.460 m (see the figure). Find (a) the electric field and (b) the electric potential at the midpoint of the line...
Study smarter with the SolutionInn App