Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

match each phrase that follows with the term it describes budget an accounting report that an accounting report that presents predicted amounts of the company's

match each phrase that follows with the term it describes budget an accounting report that

image text in transcribed

image text in transcribed

an accounting report that presents predicted amounts of the company's assets, liabilities, and equity as of the end of the budget period Budget plans an important role for organizations in planning, directing, and controlling a company's future goals Capital expenditures budget a plan showing the units of goods to be sold and the sales to be derived; usually the starting point in the budgeting process Sales budget a plan that lists dollar amounts to be both spent on purchasing additional pant assets to carry out the budgeted business activities Production budget a plan showing the number of units to be produced each month Cash budget a plan that shows the ed cash inflows and expe outflows during the budget period, including receipts from loans needed to maintain a minimum cash balance and renavm Budgeted balance sheet Clear All integrated set of operating and financing budgets for a period of time. Static budgetm begins by estimating the quantity of sales. Flexible budget shows expected results at several activity levels. Master budget estimates the number of units to be manufactured to meet Sales budget sales and inventory levels. shows expected results at only one activity level. Production budget

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Implementing An Audit Programme Developing And Implementing A Healthcare Audit Programme

Authors: Achal Kumar Gupta

1st Edition

3659298883, 978-3659298882

More Books

Students also viewed these Accounting questions

Question

a. What is the value of the parameter ?

Answered: 1 week ago