A net loss appears on the end-of-period spreadsheet in the
a. debit column of the Balance Sheet columns
b. credit column of the Balance Sheet columns
c. debit column of the Income Statement columns
d. credit column of the Adjustments columns
Question 2
Financial planning models ________.
A) are not used in the budgeting process
B) are not useful for sensitivity analysis
C) are mathematical representations of the relationships affecting the budget process
D) are used for nonfinancial aspects of budgeting