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Which of the following components is least most likely to be considered in preparing a sales budget?-Business capacity.-Proposed selling expenses, such as declaring.-Forecasted financial and also industry problems.-The resources expenditures budobtain.-Prediction of unit sales.
A managerial audit report that presents predicted amounts of the company"s profits and also expenses for the budacquire duration is referred to as a:-Master arrangement.-Rolling earnings statement.-Continuous profit statement.-Budgeted revenue statement.-Budgeted balance sheet.
In preparing financial budgets:-The cash budacquire is normally not all set.-The funding expenditures budobtain is generally prepared last.-The budgeted earnings statement is normally not prepared.-The budgeted earnings statement is typically ready last.-The budgeted balance sheet is typically prepared last.
A plan that reports the devices or prices of merchandise to be purchased by a merchandising agency in the time of the budobtain period is called a:-Merchandise purchases budacquire.-Capital expenditures budacquire.-Cash budacquire.-Sales budobtain.-Selling costs budgain.
The usual founding point in the budgeting procedure is a arrangement mirroring the planned sales devices and also the revenue meant from these sales. This setup is referred to as the:-Sales budacquire.-Firm setup.-Merchandise purchases budget.-Income statement budacquire.-Operating budobtain.
A budget that plans the kinds and amounts of operating prices supposed that are not included in the offering costs or production budget is a:-Selling expense budobtain.-Sales budacquire.-General and bureaucratic expense budobtain.-Overhead budacquire.-Cash payments budget.
When preparing the cash budobtain, all of the following must be taken into consideration except:-Cash payments for income taxes.-Depreciation price.-Cash payments for merchandise.-Cash receipts from customers.-Cash payments for capital expenditures.
Which of the adhering to would not be offered in preparing a cash budgain for October?-Budgeted funding equipment purchases for October.-Budgeted salaries cost for October.-Beginning cash balance on October 1.-Estimated depreciation cost for October.-Budgeted sales and collections for October.
A managerial audit report that presents predicted quantities of the company"s assets, liabilities, and equity as of the end of the budobtain period is dubbed a(n):-Rolling balance sheet.-Cash balance sheet.-Continuous balance sheet.-Operating balance sheet.-Budgeted balance sheet.
A amount of inventory that provides defense versus shed sales caused by unfulfilled requirements from customers is called:-Just-in-time inventory.-Continuous inventory.-Capital stock.-Budgeted stock.-Safety stock.
Which of the complying with budgets is not completed before a cash budget is prepared?-Capital expenditures budgain.-Budgeted income statement.-Merchandise purchases budget.-General and governmental cost budobtain.-Sales budobtain.
Which of the adhering to budgets is not a budgain that a manufacturer would certainly encompass in its grasp budget?-Direct products budacquire.-Cash budobtain.-Merchandise purchases budgain.-Sales budobtain.-Production budacquire.
In preparing a budgeted balance sheet, the dollar amount of Accounts Receivable deserve to be obtained from:-The budgeted income statement and also budgeted balance sheet.-The selling costs budacquire and also the schedule of cash receipts.-The purchases budacquire and schedule of cash payments.-The sales budacquire and the schedule of cash receipts.-The resources expenditures budgain and purchases budget.
A plan that lists the types and also amounts of selling prices meant during the budgain period is dubbed a(n):-Purchases budget.-Capital expenditures budgain.-Selling price budget.-General and also bureaucratic budacquire.-Sales budacquire.
To determine the manufacturing budgain for an audit duration, consideration is given to all of the adhering to except:-Budgeted overhead.-Safety stock.-Budgeted start inventory.-Budgeted sales.-Budgeted ending inventory.
Which of the adhering to determinants is least likely to be thought about in preparing a sales budget?-Forecasted economic and market conditions.-Firm capacity.-Prediction of unit sales.-The capital expenditures budgain.-Proposed selling costs, such as declaring.
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A plan that mirrors the meant cash inflows and cash outflows during the budget period, consisting of receipts from loans necessary to keep a minimum cash balance and repayments of such loans, is called a(n):-Cash budacquire.-Operating budget.-Rolling budgain.-Income statement.-Capital expenditures budobtain.
Fundamental Financial Accounting Conceptsnine EditionChristopher Edmonds, Frances M McNair, Philip R. Olds, Thomas P. Edmonds
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