What are: (a) An operating budget, (b) A Financial budget?

Question:

What are:
(a) An operating budget,
(b) A Financial budget?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial accounting

ISBN: 978-0471467854

1st edition

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

See More Books

Question Posted: Feb 20, 2013 09:29 AM

See More Questions

What budgets are included in the financial budget for a merchandising company?
Operating costs are forecast as part of the budget process. Effective management requires identification of variances from those budgeted costs as quickly as possible so that corrective action can be...
Budget sensitivity analysis, strategic and operating plans, business risks Jeffery, the owner of Unique Sinks, realizes that if he withdraws the full amount of dividend, and if the slump in housing...
Pristine Thread Co. encountered a fire on March 12 where some of the inventory was destroyed. A physical count of inventory after the fire shows $56,000 still on hand. The company also had beginning...
When potassium cyanide (KCN) reacts with acids, a deadly poisonous gas, hydrogen cyanide (HCN), is given off. Here is the equation: If a sample of 0.140 g of KCN is treated with an excess of HCl,...
Sed Help Save & Eat Harlow industries reported net income of $27,000 for the current year. During the year, Inventory decreased by $8.300, Accounts Payable decreased by $8,650, Depreciation Expense...
Enviro Company issues 8%, 10-year bonds with a par value of $250,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price...
On January 1, 2011, Perez Company acquired all the assets and assumed all the liabilities of Stalton Company and merged Stalton into Perez. In exchange for the net assets of Stalton, Perez gave its...
Kesterson Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.90 Direct labor $ 3.70 Variable manufacturing overhead $ 1.30 Fixed manufacturing...
Enter a lookup function in cell E5 that returns the tax deduction amount for the number of dependents listed in the cell C5. Use the table in range H13:I17 to complete the function. The maximum...
What are the three reasons firms use budgets?
What is the natural starting point for the budgeting process? Why?
What is the tool used to facilitate the charting of the dialogue?
What is the formula for Bouley's coefficient of skewness?
What is the relation between orthocentre,circumcentre and centroid of a triangle?
When do we use Fourier transforms and Laplace transforms in RC/RL/RLC circuit analysis?
What are the protocols used in a drone?
How do we design a drone?
Using activity-based costing, what are the total overhead costs assigned to Product B? A. $2,000 B. $1,040 C. $1,000 D. $960 The following information is for Questions 7 and 8. Units Overhead Cost...
Where are the olfactory sensory neurons, and why is that site poorly suited for their job?
The following graph is the production function for a firm using only one variable factor of production, labor. a. Graph the marginal product of labor for the firm as a function of the number of labor...
What is meant by the term time value of money?
What is meant by the term time value of money?
What is meant by the term discounting?
THIS IS ONE QUESTION WITH TWO PARTS. PLEASE ANSWER COMPLETELY AND SHOW ALL WORK. (NO EXCEL) Information for Question 1: State Probability Retum on A Return on B Return on C Retum on Portfolio X Boom...
Direct materials (5.0 Ibs. @ $5.00 per Ib.) Direct labor (2.0 hrs. @ $13.00 per hr.) Overhead (2.0 hrs. @ $18.50 per hr.) Total standard cost $25.00 26.00 37.00 $88.00 The predetermined overhead rate...
Problem 1-28 (Algo) (LO 1-4, 1-5, 1-6b 1-7) Harper, Inc., acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2020, for $316,100 in cash. The book value of Kinman's...

What are: (a) An operating budget, (b) A Financial budget?

Question:

Step by Step Answer:

Operating Budget An Operating Budget which in covers specific time period and lists firms planne...View the full answer

Managerial accounting

Students also viewed these Managerial Accounting questions