Solved

Select the Term from the List of Terms That Best

Question 127

Essay

Select the term from the list of terms that best matches the description provided. Your Answer Definition no Descrittint Term A. This shows the inventory needs for each month. 1. Cash budget B. This shows the projected financinl condition of the company at the end of the budget period 2. Inventory purchases budget C. Comparison of actual results to budget expectations in order to evaluate employee andhor department performance.3. Performance measurement.D. Expected borrowing (firancing activities) and related interest expense are shown in this budget. 4. Pro forma balance sheet E . This budget is the starting point for the entire master budget.5. Pro forma financial statements F. These are based on projected rather than historical information6. Pro forme income statement.  G. This provides an advance estimate of the expected profitability.7. Sales budget \begin{array}{|l|l|l|}\hline \text {Your Answer } & \text {Definition no Descrittint } &\text {Term } \\\hline & \text {A. This shows the inventory needs for each month. } &\text {1. Cash budget} \\\hline & \text { B. This shows the projected financinl condition of the company at the end of the budget period } &\text {2. Inventory purchases budget } \\\hline & \text {C. Comparison of actual results to budget expectations in order to evaluate employee andhor department performance.} &\text {3. Performance measurement.} \\\hline & \text {D. Expected borrowing (firancing activities) and related interest expense are shown in this budget. } &\text {4. Pro forma balance sheet } \\\hline & \text {E . This budget is the starting point for the entire master budget.} &\text {5. Pro forma financial statements } \\\hline & \text {F. These are based on projected rather than historical information} &\text {6. Pro forme income statement. } \\\hline & \text { G. This provides an advance estimate of the expected profitability.} &\text {7. Sales budget } \\\hline\end{array}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents