A fiscal year: a. is shorter than the calendar year. b. can ...

[dakota nelson]

A fiscal year:
 a. is shorter than the calendar year.
 b. can begin on any date and ends 365 days later (366 days in leap years).
 c. begins January first and ends December 31.
 d. contains 13 accounting periods.

Question 2

The operating budget that is written from scratch for each budget cycle for which, once the numbers have been established, the budget is set at that level for the budget cycle is called:
 a. incremental/fixed.
 b. incremental/variable.
 c. zero-based/fixed.
 d. zero-based/variable.

[shaikhs]

Answer to Question 1

b

Answer to Question 2

c

[dakota nelson]

Thanks

[shaikhs]

Welcome