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9. Which of the following sets includes only financial budgets? a. Cash budget and operating budget b. Sales budget and c. budgeted balance sheet d. Cash budget and sales budget 10. Why is the sales budget the single most important source in preparing budgets? a. All the other budgets depend on it b. It enables the company to determine the unit cost of products c. It is the best determiner of the profitability of a company d. It is the only budget that requires estimates. 11. The basic current liabilities are: a. Accounts payable and bills payable b. Bank overdraft c. Outstanding expenses d. All of the above 12. Elouise Company revised its sales budget to show a 15% increase in sales.as a result of this change, which other budgets would change? a. All of its other budgets b. Only its selling and administrative expenses budget c. Only its marketing budget d. Only its production budget

9. Which of the following sets includes only financial budgets? a. Cash budget and operating budget b. Sales budget and c. budgeted balance sheet d. Cash budget and sales budget 10. Why is the sales budget the single most important source in preparing budgets? a. All the other budgets depend on it b. It enables the company to determine the unit cost of products c. It is the best determiner of the profitability of a company d. It is the only budget that requires estimates. 11. The basic current liabilities are: a. Accounts payable and bills payable b. Bank overdraft c. Outstanding expenses d. All of the above 12. Elouise Company revised its sales budget to show a 15% increase in sales.as a result of this change, which other budgets would change? a. All of its other budgets b. Only its selling and administrative expenses budget c. Only its marketing budget d. Only its production budget

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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9. Which of the following sets includes only financial budgets? a. Cash budget and operating budget b. Sales budget and c. budgeted balance sheet d. Cash budget and sales budget 10. Why is the sales budget the single most important source in preparing budgets? a. All the other budgets depend on it b. It enables the company to determine the unit cost of products c. It is the best determiner of the profitability of a company d. It is the only budget that requires estimates. 11. The basic current liabilities are: a. Accounts payable and bills payable b. Bank overdraft c. Outstanding expenses d. All of the above 12. Elouise Company revised its sales budget to show a 15% increase in sales.as a result of this change, which other budgets would change? a. All of its other budgets b. Only its selling and administrative expenses budget c. Only its marketing budget d. Only its production budget
Transcribed Image Text:9. Which of the following sets includes only financial budgets? a. Cash budget and operating budget b. Sales budget and c. budgeted balance sheet d. Cash budget and sales budget 10. Why is the sales budget the single most important source in preparing budgets? a. All the other budgets depend on it b. It enables the company to determine the unit cost of products c. It is the best determiner of the profitability of a company d. It is the only budget that requires estimates. 11. The basic current liabilities are: a. Accounts payable and bills payable b. Bank overdraft c. Outstanding expenses d. All of the above 12. Elouise Company revised its sales budget to show a 15% increase in sales.as a result of this change, which other budgets would change? a. All of its other budgets b. Only its selling and administrative expenses budget c. Only its marketing budget d. Only its production budget
13. Which budget provides the information.needed to prepare the direct labor budget? a. Income budget b. Production budget c. Materials budget d. Sales budget 14. In finance, "working capital" means the same thing as a. Current b. Fixed assets c. total d. All of the above 15. What do most companies do to start the budgeting process? a. They estimate expected profits b. They look at past performance c. They look at competitors' plans d. None of the above 16. The major current assets are: a. Cash and marketable securities b. Accounts receivable (debtors) c. Inventory d. All of the above 17. Which of the following is calculated on a direct labor budget? a. Number of emoloyees needed
Transcribed Image Text:13. Which budget provides the information.needed to prepare the direct labor budget? a. Income budget b. Production budget c. Materials budget d. Sales budget 14. In finance, "working capital" means the same thing as a. Current b. Fixed assets c. total d. All of the above 15. What do most companies do to start the budgeting process? a. They estimate expected profits b. They look at past performance c. They look at competitors' plans d. None of the above 16. The major current assets are: a. Cash and marketable securities b. Accounts receivable (debtors) c. Inventory d. All of the above 17. Which of the following is calculated on a direct labor budget? a. Number of emoloyees needed
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