Can you correctly give the answer how to planning budgets? Let's find out now how much do you know by taking this quiz!
2,3,4,1
2,4,1,3
1,2,3,4,
2,3,1,4
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1,180,800
1,296,000
1,159,200
1,202,400
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They help communicate goals and provide a basis for evaluation.
They enable the budget committee to earn their paycheck.
They guarantee the company will be profitable if it meets its objectives.
They provide management with information about the company's past performance.
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The company's independent certified public accountants.
The company's internal auditors.
A budget committee.
The company's board of directors.
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Direct labor budget
Selling and administrative budget
Sales budget
Capital expenditure budget
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Personnel budget.
Production budget
Sales budget
Purchasing budget
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Preparing the budgeted income statement
Preparing the cash budget
Preparing the budgeted balance sheet
Preparing the cost of goods manufactured budget
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An interrelated long-term plan and operating budgets.
Financial budgets and a long-term plan.
Interrelated financial budgets and operating budgets.
All the accounting journals and ledgers used by a company.
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135,000
202,500
210,000
157,500
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80,000
240,000
160,000
96,000
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Cash disbursements
Capital expenditures
Financing
Cash receipts
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Travel expense
Office salaries expense
Interest expense
Depreciation expense
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800,000
140,000
940,000
930,000
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150,000
168,000
157,500
159,000
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Deterrent to waste
Basis for performance evaluation
Guarantee of accomplishing the profit objective
Promote efficiency
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Cash disbursements
Cash expenditures
Financing
Cash receipts
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Has been developed in a top down fashion.
Has been developed by all levels of management.
Has been developed in a bottom up fashion.
Is developed with performance appraisal usages in mind.
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474,000
424,000
429,200
428,0000
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5,655
Not enough info
5,745
6,600
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15,200 pounds
132,200 pounds
5,800 pounds
21,000 pounds
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The current year and the next year.
A full year ahead.
At least five years.
Every day.
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435,000
900,000
465,000
540,000
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426,000
648,000
696,000
732,000
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