1. List and explain the three types of flexible budget variance. Chapter 19 2. Estimates play an important role in finance. List and explain the four common uses of estimates. Chapter 20
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Chapter 18
1. List and explain the three types of flexible
Chapter 19
2. Estimates play an important role in finance. List and explain the four common uses of estimates.
Chapter 20
3. Compare and contrast the difference between the retrospective analytics approachand the predictive analytics approach to data analytics.
Chapter 21
4. Knowledge of statistical and mathematical terms is very important in finance. Explain the difference in the field of mathematics and the discipline of statistics.
Chapter 22
5. Organizations determine whether to take on debt and how much to take on are common and necessary parts of financial planning. Explain the sources of capital that are available to an organization to obtain funds.
Chapter 23
6. Explain why an organization should buy or lease when purchasing equipment.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
