Help me answer Nos. 2-5 only please tutors. Thank you 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 ofunits 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 thefuture?

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Business

Accounting

2. How does budgeting become a useful tool in business?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Help me answer Nos. 2-5 only please tutors. Thank you

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?

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