A(n)______allocates dollars to various costs and expenses needed to operate a business at an estimated level of sales revenue.
A)budget
B)balance sheet
C)income statement
D)forecast

Question

Quizplus · Accepted Answer

A budget is a financial plan that outlines expected expenses and revenue over a certain period of time. It is used as a tool to allocate resources and make informed financial decisions. The budgeting process involves estimating sales revenue and then allocating funds to various costs and expenses needed to operate the business.

A(n)______allocates Dollars to Various Costs and Expenses Needed to Operate