Which of the budgets listed below is best for managers to use when planning revenues and expenses at different sales volumes? flexible budget static budget master budget None of the items in this list of answers.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Which of the budgets listed below is best for managers to use when planning revenues and expenses at different sales volumes?
|
flexible budget |
||
|
static budget |
||
|
|
||
|
None of the items in this list of answers. |
Step by step
Solved in 2 steps
