Help me answer Nos. 2-5 only please tutors. Thank you 1. What is budget?2. How does budgeting become a useful tool in business?3. What are the different types of budgets?4. Are external and internal factors considered in forecasting the sales budget?5. How does the production budget helps giving information on the number ofunits to be produced over a given period?6. Does an operations budget help in knowing the expected profit?7. What is the use of a cash budget in the cash position of a company in thefuture?

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Business

Accounting

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

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 11MC: Which of the following statements is not correct? A. The sales budget is computed by multiplying...

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Question

Help me answer Nos. 2-5 only please tutors. Thank you

1. What is budget?
2. How does budgeting become a useful tool in business?
3. What are the different types of budgets?
4. Are external and internal factors considered in forecasting the sales budget?
5. How does the production budget helps giving information on the number of
units to be produced over a given period?
6. Does an operations budget help in knowing the expected profit?
7. What is the use of a cash budget in the cash position of a company in the
future?

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