Budget
top down budget
budgetary control
Homework Answers
Answer:
| S.no. | Definitions | Terms |
| 1 | The future business actions and expressing them as formal plans | Budgeting |
| 2 | A comprehensive business plan that includes operating, investing and financing budgets | Master Budget |
| 3 | Employees who will be evaluated by a budget help prepare it | Bottom-up budgeting |
| 4 | Shows expected cash inflow and outflows and help determining financing needs | Cash Budget |
| 5 | An approach that requires all expenses to be justified for each new budget | Zero-based budgeting |
| 6 | A formal statement of future plan, usually expressed in monetary terms | Budget |
| 7 | Approach in which top management passes down a budget without employees input | Top-down budget |
| 8 | Management's use of budget to see that planned objective are met | Budgetary control |
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Budget
top down budget
budgetary control
Select each of the terms with the best description of...
19) Presented below are terms or phrases preceded by letters (a) through C) and followed by...
19) Presented below are terms or phrases preceded by letters (a) through C) and followed by a list of definitions I through 10. Match the correct definitions with the terms or phrases by placing the letter of the term or phrase in the answer space provided at the beginning of the definition. (a) Budget (b) Capital expenditures budget (c) Activity-based budgeting (d) Sales budget (e) Production budget (f) Cash budget (g) Budgeted balance sheet (h) Continuous budgeting Selling expense budget...
A budget is best described as 3 S57) O A master control device C) The minimum...
A budget is best described as 3 S57) O A master control device C) The minimum acceptable performance level ) A formal statement of a comany's future plans usually expressed in monetary terms O An informal atement of company's future plans usually expressed in monetary terms C) The most crucial component of a company's evaluation process
Indicate whether the following statements are true or false: 1. A budget is a formal written...
Indicate whether the following statements are true or false: 1. A budget is a formal written statement in financial terms of management's plans for a specified future time period. A budget is prepared only once a year. 2. 3. A budget requires all levels of management to plan ahead and to formalize goals on a recurring basis. 4. The budget is an important basis for evaluating performance. 5. The "top-down" approach to budgeting is called participative budgeting. 6. Budgeting and...
what were the total manufacturing costs for the period Fill in the blank by matching the...
what were the total manufacturing costs for the period
Fill in the blank by matching the correct title to its appropriate
definition.
Part Il: Fill in the blank by matching the correct title to its appropriate Balanced scorecard Gross margin Variance Master budget v Flexible budget Cash budget Zero-based budgeting Budget w Static budget v Rolling budget incremental budgeting Fixed budget Top-down budgeting Capital budget Kaizen budgeting Operating budget. Participatory budgeting Financial budget An organization's action plan, translating strategic objectives...
QUESTION 14 Match the terms with the corresponding description of the term A systematic examination of...
QUESTION 14 Match the terms with the corresponding description of the term A systematic examination of the differences in planned and actual operating results quantity factor A budgeting concept that requires managers to formulate budget data as if there had B. budget been no previous activity price factor The effect of a difference in unit sales price or unit cost on the number of units sold D contribution margin analysis The budget summarizing future plans for the acquisition of fixed...
A budget is a plan by an individual or company for spending it resources which is...
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The budget committee consists of a. senior managers, including the CEO and CFO. b. representatives from...
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21. Under variable costing, which of the following costs would be included in finished goods inventory?...
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Think about your personal budget. How different do you think it is from a company budget? Understanding the diff...
Think about your personal budget. How different do you think it is from a company budget? Understanding the different components outlined in a company budget, in addition to the order of completion, helps a business owner, professional, and/or student set reasonable and attainable goals. Budgeting is considered a benchmark document that is pertinent to setting goals and answering questions. Read the following scenario and complete the questions posed below. Scenario Don Flowers, owner of VGTBLS (pronounced Vegetables), has three food...
19) Presented below are terms or phrases preceded by letters (a) through C) and followed by a list of definitions I through 10. Match the correct definitions with the terms or phrases by placing the letter of the term or phrase in the answer space provided at the beginning of the definition. (a) Budget (b) Capital expenditures budget (c) Activity-based budgeting (d) Sales budget (e) Production budget (f) Cash budget (g) Budgeted balance sheet (h) Continuous budgeting Selling expense budget...
A budget is best described as 3 S57) O A master control device C) The minimum acceptable performance level ) A formal statement of a comany's future plans usually expressed in monetary terms O An informal atement of company's future plans usually expressed in monetary terms C) The most crucial component of a company's evaluation process
Indicate whether the following statements are true or false: 1. A budget is a formal written statement in financial terms of management's plans for a specified future time period. A budget is prepared only once a year. 2. 3. A budget requires all levels of management to plan ahead and to formalize goals on a recurring basis. 4. The budget is an important basis for evaluating performance. 5. The "top-down" approach to budgeting is called participative budgeting. 6. Budgeting and...
what were the total manufacturing costs for the period
Fill in the blank by matching the correct title to its appropriate
definition.
Part Il: Fill in the blank by matching the correct title to its appropriate Balanced scorecard Gross margin Variance Master budget v Flexible budget Cash budget Zero-based budgeting Budget w Static budget v Rolling budget incremental budgeting Fixed budget Top-down budgeting Capital budget Kaizen budgeting Operating budget. Participatory budgeting Financial budget An organization's action plan, translating strategic objectives...
QUESTION 14 Match the terms with the corresponding description of the term A systematic examination of the differences in planned and actual operating results quantity factor A budgeting concept that requires managers to formulate budget data as if there had B. budget been no previous activity price factor The effect of a difference in unit sales price or unit cost on the number of units sold D contribution margin analysis The budget summarizing future plans for the acquisition of fixed...
Think about your personal budget. How different do you think it is from a company budget? Understanding the different components outlined in a company budget, in addition to the order of completion, helps a business owner, professional, and/or student set reasonable and attainable goals. Budgeting is considered a benchmark document that is pertinent to setting goals and answering questions. Read the following scenario and complete the questions posed below. Scenario Don Flowers, owner of VGTBLS (pronounced Vegetables), has three food...
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