Budget: It is an estimated financial plan for future time period. It is used by management as an internal tool. It is prepared for a defined period of time. Budgeting: It is a process of preparing the budgets for future. This process helps managers to plan for future and control the working of organization . To explain: Manager of distribution center will participate in long term budgeting.

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Answer 1

Question

Chapter 20, Problem 13DQ

To determine

Budget:

It is an estimated financial plan for future time period. It is used by management as an internal tool. It is prepared for a defined period of time.

Budgeting:

It is a process of preparing the budgets for future. This process helps managers to plan for future and control the working of organization.

To explain: Manager of distribution center will participate in long term budgeting.

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Answer 2

Question

Chapter 20, Problem 13DQ

To determine

Budget:

It is an estimated financial plan for future time period. It is used by management as an internal tool. It is prepared for a defined period of time.

Budgeting:

It is a process of preparing the budgets for future. This process helps managers to plan for future and control the working of organization.

To explain: Manager of distribution center will participate in long term budgeting.

Expert Solution & Answer

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Answer 3

Question

Chapter 20, Problem 13DQ

To determine

Budget:

It is an estimated financial plan for future time period. It is used by management as an internal tool. It is prepared for a defined period of time.

Budgeting:

It is a process of preparing the budgets for future. This process helps managers to plan for future and control the working of organization.

To explain: Manager of distribution center will participate in long term budgeting.

Expert Solution & Answer

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Answer 4

Question

Chapter 20, Problem 13DQ

To determine

Budget:

It is an estimated financial plan for future time period. It is used by management as an internal tool. It is prepared for a defined period of time.

Budgeting:

It is a process of preparing the budgets for future. This process helps managers to plan for future and control the working of organization.

To explain: Manager of distribution center will participate in long term budgeting.

Expert Solution & Answer

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Answer 5

Chapter 20, Problem 13DQ

To determine

Budget:

It is an estimated financial plan for future time period. It is used by management as an internal tool. It is prepared for a defined period of time.

Budgeting:

It is a process of preparing the budgets for future. This process helps managers to plan for future and control the working of organization.

To explain: Manager of distribution center will participate in long term budgeting.

Answer 6

Chapter 20, Problem 13DQ

To determine

Budget:

It is an estimated financial plan for future time period. It is used by management as an internal tool. It is prepared for a defined period of time.

Budgeting:

It is a process of preparing the budgets for future. This process helps managers to plan for future and control the working of organization.

To explain: Manager of distribution center will participate in long term budgeting.

Answer 7

Chapter 20, Problem 13DQ

To determine

Budget:

It is an estimated financial plan for future time period. It is used by management as an internal tool. It is prepared for a defined period of time.

Budgeting:

It is a process of preparing the budgets for future. This process helps managers to plan for future and control the working of organization.

To explain: Manager of distribution center will participate in long term budgeting.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 20 - Prob. 1MCQ Ch. 20 - Prob. 2MCQ Ch. 20 - Prob. 3MCQ Ch. 20 - Prob. 4MCQ Ch. 20 - Prob. 5MCQ Ch. 20 - Identify at least three benefits of budgeting in...Ch. 20 - What two common benchmarks can be used to evaluate...Ch. 20 - What is the benefit of continuous budgeting?Ch. 20 - Identify three usual time horizons for short-term...Ch. 20 - Why should each department participate in...

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