When expenses are more than revenue the budget has a: O balance O debit O surplus deficit
Q: 1) What is a budget 2)Compare two characteristics each partial budget and complete budget
A: Budget There are different type of budge which are prepared in the business entity which can be…
Q: A budget deficit would result when a person's or family's Actual expenses are less than planned…
A: Honor code: Since you have asked multiple questions, we will solve the first question for you. If…
Q: The Production Budget depends upon information provided by the Revenues Budget. TRUE FALSE
A: Meaning of Production Budget The production budget considers the units in the sales budget and the…
Q: A budget w irrespective called?
A: Option (B) fixed budget is the correct answer.
Q: Calculate the percent change that the total of all categories is over budget.
A: Projected Budgeted is an estimation of all the costs and expenses that can occur in the following…
Q: The amount by which actual spending exceeds planned spending is called a surplus, and the amount by…
A: Actual expenditure is compared with budgeted or planned spending to identify the surplus or deficit.
Q: Which of the following is not the example of functional budget? Production Budget Cost of goods sold…
A: Functional Budget: Function Budget represent the function of a Business. For example to represent…
Q: The capital expenditures budget is derived from the Operating budget and the financing budgets?…
A: A capital expenditure budget is a formal plan that states the amounts and timing of fixed asset…
Q: Cash budget is the most important of all the functional budget because; cash is required for the…
A: The cash budget preparation is very much important for small organization to track the liquidity…
Q: Which of the following items will not appear on a cash budget? A) Expected cash payments B)…
A: A cash budget is an estimated of the company's cash inflow and Outflow position in the future.
Q: Which of the following appears on the budgeted balance sheet? * A. estimated sales B. estimated…
A: The budgeted balance sheet includes current assets, long-term assets, Current liabilities, Long term…
Q: When expenses are more than revenue the budget has a : which answer is correct? A. Balance B. Debit…
A: Introduction: Budgeting is a collection of tasks done to plan a budget. A budget is a quantitative…
Q: A cash flow table is different than a budget in that a cash flow table Multiple Choice most commonty…
A: The question is multiple choice question. Required Choose the Correct Option.
Q: 1- What are the differences between budget and balance sheet?
A: Budget and balance sheet are two different things in accounting. Budgets are prepared on estimation…
Q: Which is the budget state where expenditures exceed revenue? Group of answer choices Net Loss…
A: budget state when expenditure is less than revenue is surplus.
Q: What is the difference between a budget deficit and a budget surplus?
A: A budget deficit is when the expenses outweigh the revenue brought in by a project. Conversely, a…
Q: A fixed budget is: Select one: a. A budget for fixed costs b. A budget for fixed assets c. A budget…
A: Given: A fixed budget is: Select one: A budget for fixed costs A budget for fixed assets A budget…
Q: When preparing a budget, A.GST is a necessary cost of doing business B.GST is only necessary for…
A: GST refers to Goods and Services Tax. It is an indirect tax levied on the value of goods and…
Q: Sales budget is a forecast expressed in Select one: a. Quality and Money b. None of the above c.…
A: Introduction: Sales budget: Sales budget means forecasting of future sales. Based on past data and…
Q: What is a federal budget deficit or surplus? How does this affectinterest rates?
A: The question is based on the concept of federal budget position and its impact on the prevailing…
Q: indicate yes if the item is an important budgeting guideline orno if it is not. Goals in a budget…
A: Budgeting: Budgeting is a very important process in managing the future financing affairs of a…
Q: What assumption is implicitly made about cost behavior when all of the items in a budget areadjusted…
A: Definition: Static Budget: A budget that doesn’t changes with the volume of activity throughout the…
Q: budget flexed? Give an Example.
A: Flexing of budget is a method used to prepare estimates of the future level of revenues and…
Q: The accountant perspective of the budget views the budget as a rational decision-making tool? True…
A: Budgeting is the process of estimating the profitability, business requirements like production…
Q: in the o
A: The right answer is Budgeted Balance Sheet
Q: How would you measure the credibility of a cash forecast budget?
A: Forecasting is technique that uses historical data as inputs to make informed estimates that are…
Q: Which of the following expenses would not appear in the cash budget? Depreciation expense Marketing…
A: Cash Budget is prepared to analysis the cash transaction or cash flow of business. Non-cash items…
Q: Which of the following is not an operating budget?
A: Operating Budget is those Budget which relates to the Daily Operations of a Organization, Generally…
Q: A cash budget and an income statement have many similarities. What are the main differences between…
A: Budget is an estimation of expenses and revenues over a future period which needs to be rechecked…
Q: a) How much (in dollars) is available to help balance future budgets? $ b) Calculate the budgetary…
A: a) balance future budgets : Total Fund Balance - Certain Transfers…
Q: Which of the following budgets are prepared before the cash budget? Selling and Administrative…
A: The budgets are prepared to record the requirements for the period.
Q: When expenses are more than revenue the budget has a:a). balanceb). debitc). surplusd). deficit
A: Budget: It can be defined as a financial plan of quantitative nature that shows the expected…
Q: Which one of the following statements is true about a balanced budget? Group of answer choices…
A: Balanced budget is a budget in which revenues are equal to expenses. There is no surplus or deficit.
Q: hich is not a section of the cash budge
A: Cash budget is a budget or an estimation of all cash inflows and outflows for a specified period of…
Q: Explain the process for creating an operating budget and its importance.
A: Hi student Since there are multiple questions, we will answer only first question. If you want…
Q: Define each of the following terms:f. Cash budget; target cash balance
A: Budget refers to the plan which defines the expected revenues and expenses during a particular time…
Q: proper budget equation
A: Budget is an estimate of future financial position of an entity based on the available facts.
Q: Static budget reflects the plan or estimates made reflecting the actual activity level. O True False
A: >Budgets are the future estimates based on certain assumptions and estimates. >Budgets can…
Q: Why is the budget report important?
A: A budget report is the official document which is prepared by the accountant which shows how the…
Q: Which of the following statements is false with respect to a budgeted income statement? Its interest…
A: The budgeted income statement is like other income statements which shows all the expenses and the…
Q: An income statement differs from a cash flow budget in the following ways: A. A cash flow budget…
A: Answer is Option D All of the above.
Q: A budget is a historical record of the previous year’s financial activities; True or False
A: A budget is a forecast of revenue and expenses for a specific future period of time that is usually…
Q: The profit and liquidity budget reflects periods, while a balance sheet budget shows a situation at…
A: Budgeting The process of estimating revenue and expenses for a future period of time refers to the…
Q: Which of the following will not appear in a cash budget? a.Wages b.Machinery bought on hire purchase…
A: Cash Budget: A cash budget provides details of a company’s cash inflow and outflow throughout a…
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- Which of the following expenses would not appear in the cash budget? a. Depreciation expense b. Marketing expense c. Interest expense d. Wages expenseWhen expenses are more than revenue the budget has a:a). balanceb). debitc). surplusd). deficitQ.Prepare a budgeted income statement (ignore income taxes).
- Which of the following appears on the budgeted balance sheet? * A. estimated sales B. estimated cost of goods sold C. estimated fixed selling expense D. estimated ending accounts receivableWhich of the following is an operating budget? A. cash budget B. production budget C. tax budget D. capital budgetWhich of the following is a finance budget? A. cash budget B. production budget C. direct materials purchasing budget D. tax budget
- Which of the following is not an operating budget? A. sales budget B. production budget C. direct labor budget D. cash budgetWhich of the following terms refers to a budgetary account, rather than actual account a. Unreserved Fund Balance b. Estimated revenue c. Revenue d. Expenditure. Float is defined as the difference between which of the following? A. Beginning cash balance and the ending cash balance as shown on a cash budget B. Ledger balance and the available balance C. Book balance and the ledger balance D. Collections and disbursements for any given period of time E. Available balance and the collected balance
- Which of the following is an operating budget? Cash budget Production budget Tax budget Capital budgetThe profit and liquidity budget reflects periods, while a balance sheet budget shows a situation at a specific time. choose an alternative False TrueWhich one of the following is an operating budget? a.cash budget b.sales budget c.budgeted balance sheet d.capital expenditure budget