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How would you describe a master budget?
A master budget is comprised of operating budgets and financial budgets.
How would you describe a financial budget?
Financial budgets identify sources and outflows of funds for the budgeted operations and the expected operating results for the period.
How would you describe a top-down budget?
A top-down budget is a budget that is essentially imposed on the organization by top management.
What are the components of a master budget?
an operating budget and a capital budget
How would you describe an incremental budget?
An incremental budget is a budget that is prepared based on prior-year figures, allowing for factors such as inflation.
What was the Production Budget for Standard Operating Procedure?
The Production Budget for Standard Operating Procedure was $5,000,000.
Are components of a master budget?
an operating budget and a capital budget
Which one is not the operating budget?
The operating budget typically includes revenues and expenses related to day-to-day operations, such as salaries, utilities, and supplies. A capital budget, on the other hand, focuses on long-term investments in assets like buildings or equipment and is not considered part of the operating budget. Therefore, the capital budget is the one that is not included in the operating budget.
Does cash budget include operating supplies?
operating supplies
What is the annual operating budget of the Defenders of Wildlife organization?
The yearly operating budget of the Defenders of Wildlife organization varies by year and money allotted for the budget. As of 2011 the budget required $3.3 billion for the operation and management.
Describe the condition of matter if there were no secondary forces operating between molecules?
Matter would be in an inert state if nothing is operating within it.
What three budgets are included in a financial plan?
The capital budget, the cash budget, and the operating(master) budget.
