The ________method of budgeting is being employed when expenditures are allocated by looking at the revenue generated from sales of the product during one year. The
Information gathered from this examination is used to determine the next year's dollar amounts.
A) arbitrary allocation
B) return on investment
C) payout planning
D) percentage of sales

Question

Quizplus · Accepted Answer

The percentage of sales method of budgeting is being employed when expenditures are allocated by looking at the revenue generated from sales of the product during one year. The information gathered from this examination is used to determine the next year's dollar amounts. This method is commonly used in retail and service industries.

The ________Method of Budgeting Is Being Employed When Expenditures Are