2. Which of the following budgets will typically have the longest budget period? a. Capital expenditures budget b. Cash budget c. Sales budget d. Budgeted income statement

Q: Which of the following is part of the budget preparation process EXCEPT? a) Available resources b)…

A: Budget can be termed as estimation of Revenue and Expenses that can happen in a future. In a simple…

Q: Depreciation expense is included on the following budgets: A. Cash budget B. Income statement…

A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…

Q: Which budget evaluates the results of operations at the actual level of activity?   A) capital…

A: In a flexible budget, the actual level of activity is compared with the budgeted.

Q: Explain the term of operating budget.

A: Introduction Budget is monetary plan for future. It deals with where the company wants to reach in…

Q: Which of the following appears on the budgeted balance sheet? *   A. estimated sales   B. estimated…

A: The budgeted balance sheet includes current assets, long-term assets, Current liabilities, Long term…

Q: A plan that shows the expected cash inflows and cash outflows during the budget period, including…

A: Master Budget Definitions:   Master budget is a compressive business report, which include future…

Q: A cash flow budget can be used to   A.    estimate when and how much money will need to be borrowed…

A: Option d is correct.

Q: Which of the following is the cornerstone of the master budget? a. The selling and administrative…

A: Master Budget: It includes companies budget plan for purchases, production, overhead, cost of goods…

Q: Which one of the following is an operating budget? a.cash budget b.sales budget c.budgeted…

A: Solutions- operating budgets are sales, production or manufacturing, labor, overhead, and…

Q: Which of the following includes only financial budgets?A. capital asset budget, budgeted income…

A: Budgets are the forecasts or estimates that are made for future period of time. Process of making…

Q: budgeted balance sheet sales budget production budget budgeted…

A: Budgeted balance sheet Explanation ; A financial budget has 3 elements            1. cash budget…

Q: Which of the following is the cornerstone of the master budget? The selling and administrative…

A: Master budget: Master budget is the set of budgeted financial statements and supporting schedules…

Q: A budget prepared to give the budgeted cost of any level of activity is termed as a ___________. a.…

A: Budgeting is used to control the cost by estimated resource allocation for the next year.

Q: Q.Calculate the budgeted operating income.

A: Operating income: Income statement reports revenues and expenses from business operations, and the…

Q: Item 1 Which of the following is a budget used to project cash flow and likely cash shortfalls…

A: A cash budget is a financial tool that helps businesses and individuals manage their cash flow…

Q: 7) A master budget is a set of Budgets made Forecasts made Schedules and budgeted financial…

A: Budgeting: It is the preplanning of all expenditures to be done in relation with the present income…

Q: Which of the following accounts would appear ona budgeted balance sheet? Multiple Cholce All of the…

A: Solution: In a Balance sheet, Assets, liabilities and Equity accounts are represented. However…

Q: The starting point in preparing a comprehensive budget is

A: As the name explains a comprehensive budget is an elaborate budget covering all different elements…

Q: Which of the operating budgets is prepared first? Group of answer choices C. cash received budget D.…

A: Master Budget: It is the sum  of all lower-level budgets prepared  by a company's various functional…

Q: 1. The first step involved in preparing a master budget is A. Preparing a forecasted Income…

A: the steps involved in master budget - - preparation of sales or income statement - Preparation of…

Q: Which of the following budgets involves the preparation of cash budgets? a.A sales budget b.A…

A: Budget is an estimation of data for future purpose. Budget helps the management to set a standard…

Q: Which of the following components is a part of the financial budget?   Question 7 options:…

A: >Financial Budgets are prepared before start of the concerned period.>These budgets are…

Q: a.Identify the budget preparation approach used

A: An Estimate is the process of calculation or judgement of the value, number, quantity.It is a kind…

Q: 3. The budget element/s included in the financial budget process are the following except the -…

A: Financial Budget: It is the budget used to examined the needs of cash in the organization and…