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What statements below into the correct order in which the federal budget is prepared?
The federal budget preparation process typically follows these steps: first, the President submits a budget proposal to Congress, usually in February. Next, Congress reviews the proposal, holds hearings, and makes adjustments through the appropriations process. Once both houses of Congress pass the budget resolution, it is sent to the President for approval or veto. Finally, the budget goes into effect for the fiscal year.
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Sort the statements below into the correct order in which the federal budget is prepared.?
The president gives a proposed budget to Congress. Congress decides on the details of the budget. The president signs spending bills into law. . The Office of Management and Budget (OMB) and the president prepare a proposed budget. Congress decides on the overall level of spending and taxation and passes specific spending bills. The president signs various spending bills into law.
What information does sales budget provide?
Sales budget provides the information about how many units of products needs to be sold and it is the basic information on which remaining budgets are prepared like production budgets or proforma financial statements.
Which budget is prepared last?
Cash Budget
What is a budget that is prepared for one level of activity?
The budget that is prepared for one level of activity is known as a static budget. A static budget is often one of many other budgets that are created off of a master budget.
Who prepares a master budget?
it is prepared by the appointed , qualified budget comitee
Sort the statements below into the correct order in which the federal budget is prepared.?
The president gives a proposed budget to Congress. Congress decides on the details of the budget. The president signs spending bills into law. . The Office of Management and Budget (OMB) and the president prepare a proposed budget. Congress decides on the overall level of spending and taxation and passes specific spending bills. The president signs various spending bills into law.
In 1996 the federal budget included what?
for a+ all the answers are correct
What 1996 the federal budget included?
for a+ all the answers are correct
Which budget is prepared first?
The sales budget is the first budget to be prepared.
What information does sales budget provide?
Sales budget provides the information about how many units of products needs to be sold and it is the basic information on which remaining budgets are prepared like production budgets or proforma financial statements.
What is a budget which is prepared for one level of activity?
a budget which is prepared for one level of activity is:
Which budget is prepared last?
Cash Budget
Why is the Sales budget the first budget to be prepared?
Budgets promote efficiency and serve as a deterrent to waste? A sales budget should be prepared before the production budget?
When is manufacturing cost budget prepared?
manufacturing budget is prepared after the revenue, production and direct metrical usage budget because u need the solution from the production budget
The federal budget process begins with?
The process of preparing a federal budget is first knowing what the budget is. The president then has to submit his budget requests to Congress.
What is a budget that is prepared for one level of activity?
The budget that is prepared for one level of activity is known as a static budget. A static budget is often one of many other budgets that are created off of a master budget.
Who writes the first draft of the US budget?
The first draft of the U.S. federal budget is prepared by the Office of Management and Budget (OMB), which is part of the Executive Office of the President. The OMB works in collaboration with federal agencies to compile budget requests and proposals, reflecting the administration's priorities. Once the draft is completed, it is submitted to Congress, where it undergoes further review and modification before being finalized.
