Homework Clinic

Social Science Clinic => Accounting => Topic started by: luminitza on Mar 6, 2021

Title: Which of the following is not true of a properly executed budgetary cycle?
Post by: luminitza on Mar 6, 2021

Question 1

Which of the following is a financial budget?
◦ budgeted balance sheet
◦ cash receivables budget
◦ production budget
◦ cost of goods sold budget

Question 2

Which of the following is not true of a properly executed budgetary cycle?
◦ deviations from plan are only investigated at the conclusion of the fiscal year as actual data can be finally compiled
◦ past performance and market feedback are considered in setting budget amounts
◦ specific financial and nonfinancial expectations are set
◦ during the fiscal year, managers investigate deviations from plans

Title: Which of the following is not true of a properly executed budgetary cycle?
Post by: ndhahbi on Mar 6, 2021

Answer 1

budgeted balance sheet

Answer 2

deviations from plan are only investigated at the conclusion of the fiscal year as actual data can be finally compiled