Describe the benefits of preparing a budget to an organization
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Describe the benefits of preparing a budget to an organization
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- Which of the following includes only financial budgets? capital asset budget, budgeted income statement, sales budget production budget, capital asset budget, budgeted balance sheet cash budget, budgeted balance sheet, capital asset budget budgeted income statement, direct material purchases budget, cash budgetWhat steps should be considered it a budget is to be set and later have its results evaluated?How would a human resources department use information in the operating budgets?
- 1. Prepare a revenue budget. 2. Prepare a professional labor budget.Identify the document that contains the information listed in these lines from the budgeted balance sheet shown. Cash Accounts receivable Raw materials inventory Computers Accounts payableWhich of the operating budgets is prepared first? A. production budget B. sales budget C. cash received budget D. cash payments budget
