Which of the following is a benefit of using​ budget-management software? ​(check all that​ apply).   Allows companies to determine the exact amount of sales that will be achieved in the upcoming fiscal period.   Allows companis with multiple business segments to comine financial data from each of its segments to prepare company-wide budgeted financial   Allows managers to access the budget from several locations through the internet.   Allows managers to perform sensitivity analysis on each individual business segment.

Q: (b) Another team member who is preparing the Budgeted Balance Sheet for the business for the same…

A: A cash budget is an estimate of a corporation's cash flows for a given time span. A cash budget is…

Q: Which of the following statements is True?       a. Budget data are generally prepared by top…

A: Introduction:- A budget is used to estimation of revenue and expenses over a specified future…

Q: 2. How does budgeting become a useful tool in business?

A: “Since you have asked multiple question, we will solve the second question for you as you have asked…

Q: 1. What is budget?

A: Companies, at the time of initial working, decide to implement certain policies and procedures that…

Q: Describing master budget components Sarah Edwards, division manager for Pillows Plus, is speaking to…

A: Master budget: Master budget is an interrelated budget that collectively summarizes all the planned…

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: How can budgeting assist a company in planning its workforce staffing levels?

A: Budget: Budget is an effective tool to achieve the financial and operational goals of the business.…

Q: All of the following are true statements about the role of budgets and budgeting EXCEPT that A) a…

A: Budget provides organization short term goals to its members.  It will help management  to allocate…

Q: Various types of budgets facilitate understanding about the big picture of a business. There are…

A: Budget A budget is the estimate of incomes and expenses over a specified period. A budget helps in…

Q: Which of these items would be expected in a marketing budget? Jhry Advertising and events Special…

A: A marketing budget is a crucial aspect of a company's financial planning, specifically allocated to…

Q: Describe how and why managers of companies use budgets. In doing so, cite three advantages of using…

A: Ans. Companies need to prepare budgets on a regular basis so to find out the flow of business and…

Q: The preparation of an organization's budget a. forces management to look ahead and try to see the…

A: Introduction:- Budgets have play vital role in every organization. So it can be used to identify…

Q: When an organization involves its many employees in the budgeting process in a meaningful way, the…

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

Q: Which of the following statements is/correct regarding the Cash Budget? The cash budget is a…

A: Cash budget - It is an estimate of cash inflow and cash outflow  of a company . Cash budget are…

Q: List the three key benefits companies get from preparing a budget. The budget allows managers to be…

A: An estimate of income and expenditure for a set period of time is called budget.

Q: A manufacturing company has prepared the operating budget and the cash budget and is now preparing…

A: In the cash budget, the company outlines its expected cash inflows and outflows for a specific…

Q: 1. Why it is important to get input from the sales manager in preparing a master budget? 2. What is…

A:

Q: Which of the following statement(s) related to budgets is/are TRUE? O In preparing a master budget,…

A: A budget is prepared with a view to estimate the revenues and expenses of the firm over a particular…

Q: hat will be your first step to generating a busine

A: Budget is very important in the business and preparing the budget is the important step in the…

Q: Efficient and effective use of limited resources is the key to success in today’s economy. Assisting…

A: Budgeting is a tool used in planning and controlling process of an organisation. It involves…

Q: Explain what you understand by Budgets, Fixed budgets and Flexible budgets in the context of control…

A: Organizations produce budgets for a variety of purposes, including cost control, performance…

Q: Which of the following about Cash Budgets is true? 1. Cash budgets are the financial statement that…

A: The objective of the question is to identify the correct statement about cash budgets from the given…

Q: a. Describe a budget development coordination and approval process. Response could include the…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: Provide at least two detailed and researched examples of how data analytics aides management in…

A: The objective of the question is to understand how data analytics can assist management in…

Q: Which of the following is an example of the planning function of the budgeting process? A. A budget…

A: Budgeting process: The process of streamlining the future expenditure process by predicting or…

Q: 2. Which of the following is the cornerstone (or most critical element) of the master budget? The…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: Budgets are an integral part of management control systems. Evaluate this statement with real life…

A: As you have posted multiple independent questions, we are answering the first question. Kindly…

Q: The following are advantages of budgeting, except Allocates resources of the company Define goals…

A: Lets understand the meaning and advantage of budgets. Budget is a estimation of income and…

Q: 1. What are the steps in formulating the budget?

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Describe your understanding of budgets, both fixed and flexible, in the context of controlling and…

A: Organizations produce budgets for a variety of purposes, including cost control, performance…

Q: What are some characteristics of performance-based budgeting? What are some advantages and…

A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

Q: It is important for institutions to budget and to further have feedback by receiving regular…

A: “Since you have asked multiple questions, we will solve the one question for you. If you want any…

Q: Which of the following should a manager consider when creating a sales budget ? All of the listed…

A: The objective of the question is to identify the factors that a manager should consider when…

Q: CE Company reported the following information for 2022: Budgeted sales $1225000 $1310000 All sales…

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

Q: Assume that Samsung’s consumer electronics division is charged with preparing a master budget.…

A: Master budget: Master budget is an interrelated budget that collectively summarizes all the planned…

Q: Which of the following is not a benefit of budgeting? O Provide a way to measure business…

A: The answer is : Provide a way to hire specialized labors. Hiring specialised labour is not something…

Q: For this assignment you are to assume that you are involved in the preparation of your company's…

A: The issue is that the sales team is provided that the expected sales for the year and also there…

Q: I have a finance team at work. As the year progresses, they need to maintain a record of cash flow…

A: Managing finances within a business involves meticulous planning and analysis, and one fundamental…

Q: 1) To create a budget:

A:

Q: How might a company benefit by sharing its own internal budget information with other companies?

A: Budget is the expression of future costs and revenues that business estimates.