The purpose of a flexible budget is: a) To cap discretionary expenditure b) To produce a revised forecast by changing the original budget when actual costs are known c) To control resource efficiently d) To communicate target activity levels within the organization by setting a budget in advance of the period to which it relates
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
The purpose of a flexible budget is:
a) To cap discretionary expenditure
b) To produce a revised
c) To control resource efficiently
d) To communicate target activity levels within the organization by setting a budget in
advance of the period to which it relates
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