Match the phrase that follows with the term (ae) it describes. a. Static budget b. Flexible budget c. Master budget d. Sales budget e. Production budget 1. Integrated set of operating and financing budgets for a period of time 2. Begins by estimating the quantity of sales 3. Shows expected results at several activity levels 4. Estimates the number of units to be manufactured to meet sales and inventory levels 5. Shows expected results at only one activity level Match each phrase that follows with the term (af) it describes. a. Budget b. Capital expenditures budget c. Sales budget d. Production budget e. Cash budget f. Budgeted balance sheet 1. An accounting report that presents predicted amounts of the company's assets, liabilities, and equity as of the end of the budget period 2. Plans an important role for organizations in planning, directing, and controlling a company's future goals 3. A plan showing the units of goods to be sold and the sales to be derived; usually the starting point in the budgeting process 4. A plan that lists dollar amounts to be spent on purchasing additional plant assets to carry out the budgeted business activities 5. A plan showing the number of units to be produced each month Match the phrase that follows with the term (ae) it describes. a. Static budget b. Flexible budget c. Master budget d. Sales budget e. Production budget 1. Integrated set of operating and financing budgets for a period of time 2. Begins by estimating the quantity of sales 3. Shows expected results at several activity levels 4. Estimates the number of units to be manufactured to meet sales and inventory levels 5. Shows expected results at only one activity level Match each phrase that follows with the term (af) it describes. a. Budget b. Capital expenditures budget c. Sales budget d. Production budget e. Cash budget f. Budgeted balance sheet 1. An accounting report that presents predicted amounts of the company's assets, liabilities, and equity as of the end of the budget period 2. Plans an important role for organizations in planning, directing, and controlling a company's future goals 3. A plan showing the units of goods to be sold and the sales to be derived; usually the starting point in the budgeting process 4. A plan that lists dollar amounts to be spent on purchasing additional plant assets to carry out the budgeted business activities 5. A plan showing the number of units to be produced each month