Mickle Company has the following information:
Purchases are paid for in the following manner:
20 percent in the month of purchase
50 percent in the month after purchase
30 percent two months after purchase
-An extremely powerful and flexible tool for budgeting is a(n)

Question

Mickle Company has the following information:
  Purchases are paid for in the following manner:
20 percent in the month of purchase
50 percent in the month after purchase
30 percent two months after purchase
-An extremely powerful and flexible tool for budgeting is a(n)

Quizplus · Accepted Answer

A spreadsheet is a powerful and flexible tool for budgeting as it allows for easy tracking and manipulation of data. It can also be customized to fit the specific needs of the company, such as calculating the payment schedule for purchases based on the given percentages. A budget model or worksheet may also be useful, but a spreadsheet is the most widely used and versatile option. An accounting model is not directly related to budgeting.

Mickle Company Has the Following Information