Q1-The schedule of cash receipts from accounts receivable (debtors) provides information to include in the - [ ] Sales budget - [ ] Cash budget - [ ] Budgeted statement of budget or loss- [ ] Budgeted statement of financial position Q2-what is a cash budget?Q3-which of the following budgeted expenses has a favourable variance? Q4-What is management measure? Q5-Applicable budgets for an accounting firm are likely to include?

Question 9 At the end of February, Clarke Pty Ltd reviewed its performance for the month and noted the following: Account Budget Actual Sales $125 000 $132 000 Advertising expense $5 000 $3 800 Wages expense $12 000 $13 500 How will the respective variances be reported? Question 10 Requiring managers to prepare the budgets from scratch or zero-base may help them to overcome the problem Question 11 What is the term used to describe the difference between budgeted amounts and an entity's actual results? Question 12 A budget that estimates the overheads and expenses associated with production activities is known as a(n): Question 13 Which of the below statements regarding the sales budget is correct? Question 14 During the budget cycle, what can the budget be used for