Ask Question
BusinessBusiness
22 September, 05:31

Which of the following would represent the order in which most master budgets are prepared? Multiple Choice Sales, Income Statement, Cash, Purchases Purchases, Cash, Sales, Income Statement Purchases, Sales, Cash, Income Statement Sales, Purchases, Cash, Income Statement

+4
Answers (1)
  1. 22 September, 09:25
    0
    Sales, Purchases, Cash, Income Statement

    Explanation:

    The Budgeting Process Starts with determining the Number of Units that need to be sold. Then the Production Budget is prepared to determine the number of units which need to produced to meet the sales. Within the production Budget we can establish the amount of Purchases the firm need to make to satisfy production. A Cash Budget is then prepared to establish Balances of cash from inflows (sales budget) and outflows (purchases budget). then Lastly the Income Statement.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following would represent the order in which most master budgets are prepared? Multiple Choice Sales, Income Statement, Cash, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
In preparing closing entries Select one: a. the retained earnings account will be debited if there is net income for the period b. each expense account will be credited c. each revenue account will be credited d.
Answers (1)
A business may decide to pay employee salaries every week, every two weeks, twice a month, or once a month. True or False?
Answers (1)
Proctor Inc. has a weekly payroll of $8,000 for a 5-day workweek, Monday through Friday. If December 31, the last day of the accounting year, falls on Wednesday, Proctor would make an adjusting entry that would a. increase wages expense $4,800. b.
Answers (1)
Allocation of Package Purchase Price Tamarack Company purchased a plant from one of its suppliers. The $1,000,000 purchase price included the land, a building, and factory machinery.
Answers (1)
Ability to visualize and implement possible business solutions
Answers (1)
New Questions in Business
Your friend really likes a t-shirt that you purchased last week at a concert by your mutually favorite musician group. You purchased the very last shirt in your size and there are no more available.
No Answers
An effective way to begin defining the purpose of a marketing plan, is to make a list of all the information needed to prepare the marketing plan A. True B. False
Answers (1)
Read the scenario. June has $8,000 in an online savings account at six percent interest. She needs to reach $10,000 to pay off her credit cards. How long does June have to save to reach her goal? six years four years five years three years
Answers (2)
Direct materials used in production totaled $280,000. Direct labor was $375,000, and $180,000 of manufacturing overhead was added to production for the month. What were total manufacturing costs incurred for the month? a. $555,000b. $835,000c.
Answers (1)
In an operating lease, a sale is not recorded by the lessor. Instead, the periodic lease payments are accounted for as rent revenue by the lessor. The lessee records a right-of-use asset and lease liability at the present value of the lease payments.
Answers (1)
Home » Business » Which of the following would represent the order in which most master budgets are prepared? Multiple Choice Sales, Income Statement, Cash, Purchases Purchases, Cash, Sales, Income Statement Purchases, Sales, Cash, Income Statement Sales, Purchases,
Sign Up Forgot Password?