The closing cash at bank balance for Werich Ltd over the past three months has been increasing by $100,000 per month. The best advice to management would be to:
A) invest the surplus cash into income-yielding deposits.
B) reward employees with a cash bonus.
C) decrease the price per unit of product.
D) pay creditors more slowly.
Correct Answer:
Verified
Q10: The debtor's budget shows the planned amount
Q11: Which of these is not a limitation
Q12: Which of these could be the cause
Q13: Where there is a significant favourable variance,
Q14: The raw material variance is best explained
Q16: Budget formats can best be described as:
A)
Q17: The outlay which does not appear in
Q18: The typical overall time period for which
Q19: In the budgeting process, management by exception
Q20: Co-ordination between budgets refers to a situation
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