Author Question: The capital expenditure budget: A) provides quarterly estimates of the number of units of each ... (Read 49 times)

hbsimmons88 · **on:** Jul 14, 2018

The capital expenditure budget:
A) provides quarterly estimates of the number of units of each product a firm expects to sell.
B) identifies a firm's planned investments in major fixed assets and long-term projects.
C) identifies short-term fluctuations in cash flows that display cash deficits and surpluses.
D) contains the budgets for direct labor, direct materials, and overhead costs.

Question 2

Not-for-profit organizations must meet specific guidelines in order to obtain tax-exempt status. These guidelines are structured by the
A) board of directors.
B) U.S. Uniform Partnership Act.
C) U.S. Bureau of the Census.
D) Chamber of Commerce.
E) Internal Revenue Service.