A budget is best described as

A budget is best described as Correct Answer A formal statement of a company's future plans usually expressed in monetary terms

A Budget is a financial plan of expected cash inflows and outflows that a business generates. It is generally a long-term statement involving ammual updates. It is best described as A formal statement of a company's future plans usually expressed in monetary terms.

Bissoy MCQ

Related Questions

"A ltd is a manufacturing company that has no production resource limitations for the foreseeable future. The Managing Director has asked the company mangers to coordinate the preparation of their budgets for the next financial year. In what order should the following budgets be prepared?
(1) Sales budget
(2) Cash budget
(3) Production budget
(4) Purchase budget
(5) Finished goods inventory budget"
"BDL Ltd. is currently preparing its cash budget for the year to 31 March 20XX. An extract from its sales budget for the same year shows the following sales values.
Rs
March 60,000
April 70,000
May 55,000
June 65,000
40% of its sales are expected to be for cash. Of its credit sales, 70% are expected to pay in month after sale and take a 2% discount. 27% are expected to pay in the second month after the sale, and the remaining 3% are expected to be bad debts. The value of sales budget to be shown in the cash budget for May 20XX is"
. . . . . . . . budget may be classified into material cost budget, labour cost budget and overhead budget.
If static budget is $208000 and flexible budget amount is $305000, then sales budget variance will be
If sales budget variance for operating income is $68000 and static budget amount is $19000, then flexible budget amount will be
Which of the following describes what happens to a consumer's budget line if the consumer's budget increases? The budget line
In the case consumers equilibrium to be explained through an ordinal approach, when there are two commodities with their prices given and with limited income of the consumer, the following information is required:
I. Price line/budget line
II. Indifference map
III. Point of tangency between IC and budget line
IV. Equality of the slopes of IC and budget line
Arrange the information required in the correct sequence and choose the right option from those below
If sales budget variance is $57000 and flexible budget amount is $97000, then static budget amount will be
The primary difference between a fixed budget and a variable (flexible) budget is that a fixed budget:
The role of the state described by Bismarck could be best described as