Author Question: Match the following terms to the appropriate statement by placing the letter to the left of each ... (Read 54 times)

sreghbsidhgjbndskijgnio · **on:** Feb 5, 2023

Match the following terms to the appropriate statement by placing the letter to the left of each statement.

a.

Budgetary slack

f.

Participative budget

b.

Cash receipts budget

g.

Practical standard

c.

Ending inventory and cost of goods sold budget

h.

Pro-forma financial statements

d.

Ideal standard

i.

Rolling budget

e.

Operating budget

j.

Top-down budget

______

1

.Signifies perfection

______

2

.Based on assumed rather than actual results

______

3

.A type of problem common in a bottom-up budget environment

______

4

.The most efficient method of budget preparation.

______

5

.The first component of the master budget

______

6

.Shows when and how much cash is expected to be collected from

the sale of products or services

______

7

.A budget which always includes 12 months of data, but as 1 month ends,

it is removed from the budget.

______

8

.Also referred to as bottom-up budget

______

9

.The final component of the operating budget

______

10.

Represents a level of performance that can be attained with reasonable effort.

khudija · **Reply #1 on:** Feb 5, 2023

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