What is a flex budget? Group of answer choices -It gives the comparison of different expenses; -A table of answers and brief statistics regarding student answer choices. Answer Text Number of Respondents Percent of respondents selecting this answer Answer Distribution It gives the real time expense information, (Incorrect answer)It gives the real time expense information; -it itemizes different expense levels depending upon changes in the actual revenue; -It provides actual number.
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.
Flag question: Question 34
What is a flex budget?
Step by step
Solved in 2 steps
