1. What is budget? 2. How does budgeting become a useful tool in business? 3. What are the different types of budgets? 4. Are external and internal factors considered in forecasting the sales budget? 5. How does the production budget helps giving information on the number of units to be produced over a given period? 6. Does an operations budget help in knowing the expected profit? 7. What is the use of a cash budget in the cash position of a company in the future?
1. What is budget? 2. How does budgeting become a useful tool in business? 3. What are the different types of budgets? 4. Are external and internal factors considered in forecasting the sales budget? 5. How does the production budget helps giving information on the number of units to be produced over a given period? 6. Does an operations budget help in knowing the expected profit? 7. What is the use of a cash budget in the cash position of a company in the future?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Help me please answer all question at least 3-5 sentences only. Thank you
Transcribed Image Text:1. What is budget?
2. How does budgeting become a useful tool in business?
3. What are the different types of budgets?
4. Are external and internal factors considered in forecasting the sales budget?
5. How does the production budget helps giving information on the number of
units to be produced over a given period?
6. Does an operations budget help in knowing the expected profit?
7. What is the use of a cash budget in the cash position of a company in the
future?
Transcribed Image Text:1. Do you think budget preparation plays an important role in everyday life?
2. As a student, have you learned how to budget or allocate your school allowance?
3. Do you think budgeting mostly talks about money matters?
4. Is managing money difficult?
5. Do you think no matter how big or small the amount of money you have you
need to learn how to budget it properly?
6. Do you think budgeting is an casy and useful tool in making you financially
secure?
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