Question 55: A purchases budget estimates merchandise purchases given current inventory and expected demand over the coming period. Answer: A. True B. False Question 54: Match each sparkline feature with its best description. Win-loss format Adjacent to associated data Automatic updating Indicates positive or negative data points Where the sparklines are placed Causes sparklines to change when associated data is altered
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.
Question 55: A purchases budget estimates merchandise purchases given current inventory and expected demand over the coming period.
Answer:
A.
True
B.
False
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Question 54: Match each sparkline feature with its best description.
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