46. A continuous budget: Select one: A. presents the plan for only one level of activity and does not adjust to changes in the level of activity. B. drops the current month and adds a future month as the

Q: What is the basic difference between a master budget and a flexible budget? a. Master budget is for…

A: One of the difference is In case of master budget the cost is for one level of activity whereas in…

Q: A static budget: Multiple Choice O is preferred over a flexible budget in the evaluation of…

A: A static budget is a budget that remains fixed, or constant, regardless of the actual level of…

Q: Why is it relevant to calculate the fixed cost budget?     Management must account for these fixed…

A: A fixed cost budget is a financial plan that estimates the total amount of fixed costs that a…

Q: Sales budget is primarily concerned with forecasting of what products will be sold in quantities and…

A: The sales budget represents the financial plan that fixes the forecasted sales so that the resources…

Q: 8. When a budget is updated at every incremental budget period, the process is called: a.…

A: Choosing the Right AnswerThe correct answer is:b. Continuous budgetingExplanation:Here's the…

Q: Zero-based budgeting refers to: a. Budgeting from the ground up as though the budget process were…

A: Budgeting means a process of estimating or forecasting about future expenses and income of the…

Q: Statement 1: Budget makes coordination of activities easier. Statement 2: Budget provides an early…

A: Step 1 The budget is very important for the entity, the budget is prepared to achieve organizational…

Q: Outdoor Outfitters has created a flexible budget for the 70,000-unit and the 80,000-unit levels of…

A: Comment- Multiple Questions Asked 5) Flexible Budget-   A flexible budget refers to the  budget that…

Q: 38. In preparing a comprehensive budget, one would start with the Group of answer choices a.…

A: The comprehensive budget is also known as Master Budget or Total Budget. It includes both recurring…

Q: 19. What is the main advantage of a flexible budget? a. It is easier to prepare than a static budget…

A: A flexible budget is a budget that adjusts or flexes for changes in the volume of activity. The…

Q: Below are different types of budgets. Which one of the following does not consider the whole body of…

A: Master Budget= It is the budget that includes all major heads.  Target budget= It is the estimated…

Q: The balance in Materials Inventory on the Budgeted Balance Sheet is equal to: Select one: O A.…

A: Direct material refers to the raw substances directly used in manufacturing a product, like wood for…

Q: Budget alloted to starting point for the new budget and a number of increase are pre programmed…

A: The correct option is  b. Incremental budget

Q: 9. Which of the following will not appear in a cash budget in the same month? A. Cash sales B.…

A: Cash budget is the estimation of cash receipts and cash payments for the particular period. It helps…

Q: Which one of the following is the equations is used in the production budget? Select one: a. Current…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Match each definition with its related term by selecting the appropriate term in the dropdown…

A:

Q: Which of the following is NOT a problem associated with traditional line-item budgets?   Absence of…

A: Several problems associated with traditional line-item budgets have been given. We have to find the…

Q: Select the term from the list of terms that best matches the description provided. Definition or…

A: The objective of the question is to match the given descriptions with the correct accounting terms.

Q: Create  own budget for the month of April 2021. This must include Fixed and Variable expenditure…

A:

Q: Question 2:Different type of Budget name are specify in front of each description, You are required…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: A cash flow table is different than a budget in that a cash flow table Multiple Choice most commonty…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: perpetual budget

A: Definition: Perpetual Budget: A budget which is continually extended whenever current reporting…

Q: With Zero-based budgeting, each expenditure item must be justified for the new budget period. a.…

A: Budgeting is a quantitative method of estimation of future income and expenditure for a particular…

Q: PLEASE ANSWER ALL TRUE OR FALSE 8. The best way to establish budget figures is to use last year's…

A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: The "Cash Budget"   a)is used to predict future surpluses & shortages of cash, allowing the…

A: A Cash Budget is a detailed plan that shows the anticipated inflows and outflows of cash within a…

Q: A continuous or perpetual budget is a 12-month budget that rolls forward one month (or quarter) as…

A: Perpetual budget can also be referred to as continuous budget. This budget is continuous in the…

Q: The "Budget" column of a flexible budget report reflects: budgeted costs at the budgeted level of…

A: Solution Concept Flexible budget Flexible budget is a budget which is prepared by changing the…

Q: You have been awarded a project to start in the next six months. One of your tasks is to determine a…

A: First we need to understand the meaning of budget. Budget is a quantitative expression of a plan of…

Q: With one exception, the following objectives are accomplished by budgeting. Which of these…

A: Budgeting is to make planning for the future and budget provides the direction and guidelines for…

Q: 31. A budget period should be Group of answer choices monthly. long-term. long enough to provide an…

A: A budget period should be a period that the company will prepare so that the company has long enough…

Q: Sales budget is a forecast expressed in Select one: a. Quality and Money b. None of the above c.…

A: Introduction: Sales budget: Sales budget means forecasting of future sales. Based on past data and…

Q: It is a budget prepared after budget period. Select one: Oa. Flexible Budget O b. Fixed Budget Oc.…

A: A budget period refers to a specific timeframe during which an organization or individual plans and…

Q: indicate yes if the item is an important budgeting guideline orno if it is not. Goals in a budget…

A: Budgeting: Budgeting is a very important process in managing the future financing affairs of a…

Q: 1.7 The selling price of Product X is set at £250 for each unit and sales for next year are expected…

A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: Which of the following budgets are prepared before the production budget?…

A: Lets understand the basics. Budget is a estimation of profit or loss for future period. Sales budget…

Q: The process of preparing a master budget ends with a review and analysis of the organization's…

A: The process of preparing a master budget typically ends with the presentation and approval of the…

Q: Management may alter its actions during the year to bring actual results into line with the…

A: Operating Budget: It is the detailed budget of revenues and expenses over a period of time

Q: QUESTION 3 A budget is: management's management's plan for a future period of time, expressed in…

A: A budget is used to estimate the future financial position of a company. Thus, a budget helps in…

Q: Which of the following budgets is prepared after the budgeted income statement? O a. The sales…

A: Solution: Budgeted income statement is prepared after: Sales Budget The ending inventory budget The…

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: (1- Budget that is developed for a particular level of activity, it is: A-Standard budget C-Static…

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: Which of the following is NOT one of the essentials of a budget? Select one: a. It has a standard…

A: The purpose of budgeting is strictly for management for internal analysis and performance…

Cash budget

A cash budget is an estimate of an organization's cash flow for the future period. A cash budget forecasts future cash receipts and payments from various sources for a fiscal year. A cash budget can be created once a month or once a week to determine the organization's cash position and ensure its performance in relation to the budget. It aids in determining whether the company has enough cash and cash equivalents to meet its operational needs in the future. If cash receipts are insufficient to cover future expenses, an organization may plan to obtain funds from other sources. After estimating the sales, purchase, and capital expenditure budgets for the year, management develops a cash budget. These budgets are created to ensure that an organization's cash flow is managed. It is important to note that only cash transactions are recorded when actual cash enters and exits an organization.