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Which one of the following is not a benefit of budgeting Choose

Resolved Question:

Which one of the following is not a benefit of budgeting?
Choose one answer. a. It facilitates the coordination of activities.
b. It provides definite objectives for evaluating performance.
c. It provides assurance that the company will achieve its objectives.
d. It requires all levels of management to plan ahead on a recurring basis.
Question 12
Question 13
2 Which is the last step in developing the master budget?
Choose one answer. a. Preparing the budgeted balance sheet
b. Preparing the cost of goods manufactured budget
c. Preparing the budgeted income statement
d. Preparing the cash budget
Question 14
Which of the following is not a financial budget?
Choose one answer. a. Capital expenditure budget
b. Cash budget
c. Manufacturing overhead budget
d. Budgeted balance sheet
Question 15
The culmination of preparing operating budgets is the:
Choose one answer. a. budgeted balance sheet.
b. production budget.
c. cash budget.
d. budgeted income statement.
Question 16
The starting point in preparing a master budget is the preparation of the:
Choose one answer. a. production budget.
b. sales budget.
c. purchasing budget.
d. personnel budget.
Question 17
What is the proper preparation sequencing of the following budgets?
1. Budgeted Balance Sheet
2. Sales Budget
3. Selling and Administrative Budget
4. Budgeted Income Statement
Choose one answer. a. 1, 2, 3, 4
b. 2, 3, 1, 4
c. 2, 3, 4, 1
d. 2, 4, 1, 3
Question 18
Kemper Company's direct materials budget shows total cost of direct materials purchases for April $200,000, May $240,000 and June $280,000. Cash payments are 60% in the month of purchase and 40% in the following month. The budgeted cash payments for June are:
Choose one answer. a. $264,000.
b. $256,000.
c. $240,000.
d. $208,000.
Question 19
Marks: 2 On January 1, Dooley Company has a beginning cash balance of $63,000. During the year, the company expects cash disbursements of $510,000 and cash receipts of $435,000. If Dooley requires an ending cash balance of $60,000, Dooley Company must borrow:
Choose one answer. a. $48,000.
b. $60,000.
c. $72,000.
d. $138,000.
Question 20
The process of evaluating financial data that change under alternative courses of action is called
Choose one answer. a. double entry analysis.
b. contribution margin analysis.
c. incremental analysis.
Submitted: 6 years ago.
Category: Homework
Expert:  Neo replied 6 years ago.

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