. What internal and external data and data sources might be utilised when developing new budgets? Suggest at least 10.

Q: What is the basic difference between a master budget and a flexible budget? a. Master budget is for…

A: One of the difference is In case of master budget the cost is for one level of activity whereas in…

Q: 38. In preparing a comprehensive budget, one would start with the Group of answer choices a.…

A: The comprehensive budget is also known as Master Budget or Total Budget. It includes both recurring…

Q: The starting point in preparing a comprehensive budget is O The sales forecast O The cash budget O…

A: Solution: The starting point in preparing a comprehensive budget is "The sale forecast" because all…

Q: 1. The Department of Transportation had an appropriation of $1million in YR1 and of $1.03 million in…

A: Budgeting appears to be the process of planning how you would spend your money. This spending plan…

Q: Calculate the percent change that the total of all categories is over budget.

A: Projected Budgeted is an estimation of all the costs and expenses that can occur in the following…

Q: the advantages and limitations of an annual budgeting system

A: The advantages of annual budgeting system are- 1) It provides a sense of orientation for planning…

Q: Match each definition with its related term by selecting the appropriate term in the dropdown…

A:

Q: “Cash budgets must be prepared before the operating income budget.” Do you agree? Explain.

A: Operating Budget: The operating budget is that budget which is prepared to plan all the operating…

Q: What is the difference in purpose between an economic-enterprise budget and the results of the…

A: The purpose of the economic-enterprise budget is to estimate sales, costs, and, finally, the…

Q: What are five basic principles which, if followed, should improve the probability of preparing a…

A: Introduction A budget is a financial statement that the management develops to evaluate the…

Q: TRUE OR FALSE 10. The usual starting point in budgeting is to make forecast of industry sales. 11.…

A: Budgeting is a cost management technique which involves forecasting of sales and expenses for a…

Q: cash budget

A: Correct answer :- D Cash budget

Q: 1. How does incremental budgeting differ from program planning budgeting? How does it differ from…

A: ‘Budgeting’: It is a process which refers to estimation of future revenues and expenses, for a…

Q: Which of the following budgets shows how many units will be produced each period?

A: Budget:   Budget is an effective tool to present the estimated actions for future time period. It…

Q: Which of the following is NOT one of the essentials of a budget? Select one: a. It has a standard…

A: The purpose of budgeting is strictly for management for internal analysis and performance…

Q: The purpose of a flexible budget is: a) To cap discretionary expenditure b) To produce a revised…

A: Flexible budget: A flexible budget is a budget that adjusts to the activity or volume levels of a…

Q: In the financial planning process it is critical to… 1-follow past budgets  2-allow new ideas to…

A: A process under which the requirement of the capital is estimated and plans are formulated with…

Q: nich of the following statements is true? Multiple Choice A flexible budget is an estimate of what…

A: Flexible budget is prepared using the planned budget for the different levels of activity. Static…

Q: Out of the following options please tell me which are two dimensions or the main aspects of…

A: Budgeting is the process of making a plan for how person or organization will spend the money. A…

Q: Q3:-what is the difference between budgets and budgeting, Reinforce your answer with examples ,…

A: Budgets:- A budget is a financial plan for an outlined period, typically one year. it may…

Q: Why does a company's budget need to be closely linked to the needs of good strategy execution? Why…

A: Because insufficient cash and other forms of resources hamper development and inhibit organisational…

Q: write the advantages and limitations of an annual budgeting system

A: Annual budget will be Can ve defined as as a concept set out for a companys expenditures for a…

Q: in 150 words explain why budgets are so important.

A: A budget is a statement or a plan showing the current and expected incomes, expenses, and savings.…

Q: What function does an annual budget serve as a part of a company's performance measurement system…

A: Budget is the estimation of the expenditure which will be incurred for the period for which budget…

Q: The following is true of the operational budget, except for: Select one: a. It has a short-term…

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

Q: The budget process usually begins with which of the following budgets?   Question 13 options:…

A: Budgeting is a process to prepare the financial statement by the manager to estimate the…

Q: Perform a sensitivity analysis on the budget for values from $5,000 to $35,000 inincrements of…

A: The following table is explaining about the recommended budget.

Q: Identify some essential component of the annual budget process for a state or local government. How…

A: Budgeting: It is the systematic method of developing a plan to utilize the available funds…

Q: Question 7 In preparing a flexible budget, we use a. expected costs at the actual level of activity…

A: A flexible budget is one based on different volumes of sales. A flexible budget flexes the static…

Q: What are the total expected cash collections for the year under this revised budget?       b.…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: From the following options, choose the four that correspond to the application of financial…

A: Long Term Financial Management: A long-term financial management incorporates both financial…

Q: Which of the following is a correct definition of budget? Select one: O a. A statement which…

A: Budget means quantitative expression of future course of business which is predetermined or prepared…

Q: What are the various kind of budgeting and critically compare the fixed and variable budgeting and…

A: Budget refers to a plan which is estimated in advance and also acts a primary base of achieving the…

Q: Which types of budgets do managers prefer? Provide 5 reasons why this is the case?

A: Budgets are forecasted figures. These are made to estimate the expenses and incomes during the…

Q: Which of the following budgeting processes aims to challenge the existing way of operating, by…

A: A zero-based budgeting process is a technique in which all the previous expenses are set as zero so…

Q: You are in the process of creating your department's projected operating budget. As you create this…

A: The Operating Budget for a department refers to making forecasts for future figures of the…

Q: Which of the following would depict the logical order or sequence for preparing the following:(1) a…

A: Solution- A company will prepare the sales budget  first to analyse the sales for the period than it…

Q: Make a CGS budget with the information available.

A: Introduction Cost of goods sold budget (CGS)  Cost of goods sold budget is essentially the part of…