Matching
Presented below are terms or phrases preceded by letters (a)through (j)and followed by a list of definitions 1 through 10.Match the correct definitions with the terms or phrases by placing the letter of the term or phrase in the answer space provided at the beginning of the definition.
Premises:
A managerial accounting report that presents predicted amounts of the company's assets,liabilities,and equity as of the end of the budget period.
A plan that shows the expected cash inflows and outflows during the budget period
Additional monthly or quarterly budgets to replace the ones that have lapsed as each budget period goes by.
The practice of revising budgets as time passes.
A formal statement of future plans,usually expressed in monetary terms.
A plan showing the expected sales units and dollars from the sales; the starting point in the budgeting process.
A plan that shows expected activities and their levels for the budget period used to estimate resources required to perform the activities.
A plan that lists dollar amounts estimated to be received from disposing of plant assets and spent on purchasing additional plant assets to carry out the budgeted business activities.
A plan that lists the types and amounts of selling expenses expected during the budget period.
A plan showing the number of units to be produced each period,based on the units projected in the sales budget,along with inventory considerations.
Responses:
Cash budget
Sales budget
Rolling budgets
Budgeted balance sheet
Budget
Continuous budgeting
Capital expenditures budget
Production budget
Selling expense budget
Activity-based budgeting
Correct Answer:
Premises:
Responses:
A managerial accounting report that presents predicted amounts of the company's assets,liabilities,and equity as of the end of the budget period.
A plan that shows the expected cash inflows and outflows during the budget period
Additional monthly or quarterly budgets to replace the ones that have lapsed as each budget period goes by.
The practice of revising budgets as time passes.
A formal statement of future plans,usually expressed in monetary terms.
A plan showing the expected sales units and dollars from the sales; the starting point in the budgeting process.
A plan that shows expected activities and their levels for the budget period used to estimate resources required to perform the activities.
A plan that lists dollar amounts estimated to be received from disposing of plant assets and spent on purchasing additional plant assets to carry out the budgeted business activities.
A plan that lists the types and amounts of selling expenses expected during the budget period.
A plan showing the number of units to be produced each period,based on the units projected in the sales budget,along with inventory considerations.
Premises:
A managerial accounting report that presents predicted amounts of the company's assets,liabilities,and equity as of the end of the budget period.
A plan that shows the expected cash inflows and outflows during the budget period
Additional monthly or quarterly budgets to replace the ones that have lapsed as each budget period goes by.
The practice of revising budgets as time passes.
A formal statement of future plans,usually expressed in monetary terms.
A plan showing the expected sales units and dollars from the sales; the starting point in the budgeting process.
A plan that shows expected activities and their levels for the budget period used to estimate resources required to perform the activities.
A plan that lists dollar amounts estimated to be received from disposing of plant assets and spent on purchasing additional plant assets to carry out the budgeted business activities.
A plan that lists the types and amounts of selling expenses expected during the budget period.
A plan showing the number of units to be produced each period,based on the units projected in the sales budget,along with inventory considerations.
Responses:
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