Budgets that give details of the income and costs of projected activities needed to achieve satisfactory profit results are known as:
A) financial budgets.
B) master budgets.
C) operating budgets.
D) cash budgets.

Question

Quizplus · Accepted Answer

Operating budgets are prepared to determine the income and expenses related to the regular operations of a business. They include specific details about the projected costs and revenues associated with achieving the company's sales goals and objectives. Financial budgets, cash budgets, and master budgets serve different purposes and may include different types of financial information.

Budgets That Give Details of the Income and Costs of Projected