A florist who decided to budget 5 percent of last year's sales for promotional activities would be using which of the following budgeting techniques?

Name: A florist who decided to budget 5 percent of last year's sales for promotional activities would be using which of the following budgeting techniques?
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Question

Quizplus · Accepted Answer

The florist is using the percentage-of-sales method, which involves setting a budget as a percentage of last year's sales. In this case, the budget is 5 percent of last year's sales.

A Florist Who Decided to Budget 5 Percent of Last