As ABC Corporation's fiscal year end date of December 31 approaches, management is worried that reported earnings will fall short of investors' expectations. Which of the following actions would increase ABC's earnings for the current year? O a. Convince customers to pay outstanding accounts receivable by offering a discount for payments received by December 31. O b. Postpone scheduled year-end maintenance on Acme's machinery until next year. O c. Collect more cash from customers for services that Acme will provide next year. O d. Delay until next year the payment of bonuses that employees have earned this year.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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