Some retail customers, concerned about rumours of Android Bank's risky lending activities, visit its single physical branch, and withdraw all the cash in Android Bank's vaults. As a result, Android Bank's net worth is unchanged. Select one: O True O False
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.
![Some retail customers, concerned about rumours of Android Bank's risky lending
activities, visit its single physical branch, and withdraw all the cash in Android Bank's
vaults. As a result, Android Bank's net worth is unchanged.
Select one:
O True
O False](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F85b2271d-4955-498f-ac59-0c99c1246d5a%2Fb0b13bbf-fb11-467c-8097-7317221d2f88%2Foxdjji_processed.png&w=3840&q=75)
![The table below shows balance sheet data, in £m, for a phone-based bank, Android
Bank:
£m
loans to corporati ons
50
loans to households
600
300
AndroidBank's holdings of shares and bonds, etc
retail current account deposits (deposits by general public with AndroidBank)
commercial current account deposits (deposits by companies with AndroidBank)
tangible assets and property
1500
50
500
cash in vaults
50
reserve deposits with Bank of England (deposits by AndroidBank)
borrowing by AndroidBank in money market
300
25](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F85b2271d-4955-498f-ac59-0c99c1246d5a%2Fb0b13bbf-fb11-467c-8097-7317221d2f88%2Fwtu7nof_processed.png&w=3840&q=75)
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