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17. Which of the following includes a detailed plan for using material, labour and overhead?...

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Question

Accounting

17. Which of the following includes a detailed plan for using material, labour and overhead?

Select one:

Cash budget.

Operating budget.

Budgeted balance sheet.

Sales forecast.

18. Which of the options below shows the schedule of cash payments for the materials and services the firm purchased on credit, and all cash payments for services?

Select one:

Overhead budget.

Cash receipts budget.

Selling and administrative expense budget.

Cash payments budget.

19. Spurs soccer forecasts the following sales figures for the next four months.

April

May

June

July

$250 000

$150 000

$225 000

$150 000

Cash sales average 10 per cent of total sales and credit sales are collected 50 per cent in the month of sale and 50 per cent in the month following sale. What are the estimated cash collections in May?

Select one:

$207 500

$150 000

$203 800

$195 000

20. The purposes of a budget include

Select one:

facilitating communication and coordination.

planning.

All of the given answers

controlling profit and operations, and evaluating performance and providing incentives.

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