budget should be rigorous and unattainable
true or false
The answer is FALSE
A budget is the estimate of performance prepared in advance before the start of period
A budget should be realistic and attainable and should be made on the basis of last year performances and current year factors
Hence, the given statement is false
True or False: A production budget is not needed for a service organization. True or False: A master budget consists of (a) organizational goals, (b) strategic long-range profit plan, and (c) tactical short-range profit plan. True or False: Individual managers' beliefs and expectations are incorporated into the budgeting process using grass roots budgeting procedures. True or False: The sales budget drives the rest of the budgeting process for both manufacturers and merchandisers.
The sales budget is usually prepared before the production budget. True False
The production budget is typically prepared prior to the sales budget. True False
The cash budget is the starting point in preparing the master budget. True or False
The selling and administrative budget is typically prepared before the cash budget. True or False
The cyclically adjusted budget is calculated at potential GDP. True or False?
Indifference Curves and the Budget Constraints: True, False, Uncertain or Not enough information: A given budget constraint has only one indifference curve that is tangent for a specific set of prices however, there may be numerous indifference curves that intersect the same budget constraint. Explain in terms of relative prices, opportunity cost and marginal rate of substitution.
TRUE or FALSE: A budget can be an effective means of communicating management's plans to the employees of a business.
What is the purpose of a plan for rigorous UX evaluation? What should this plan include?
The production budget is typically prepared before the direct materials budget. True or False True False Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: a. The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,600, 12,000, and 11,700 units, respectively. All sales are on credit. b. Regarding credit sales, 30% are collected in the...