needing help with questions 10 through 13 10) 10) The following selected data pertain...
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Accounting
needing help with questions 10 through 13
10) 10) The following selected data pertain to Flagship Corporation: Cash operating expenses July 1-31 Depreciation Merchandise purchases in July Estimated payments in July for June purchases Estimated payments in July for purchases prior to June Estimated payments in July for purchases in July s 180,000 60,000 560,000 220,000 50,000 40 % July's cash disbursements are expected to be: A) $464,000 B) $734,000 C) S404,000. D) $674,000. E) None of the answers is correct. 11) Generally speaking, budgets are not used to: A) identify a company's most profitable products. B) evaluate performance C) facilitate communication and coordinate activities D) assist in the control of profit and operations E) create a plan of action. 12) The comprehensive set of budgets that serves as a company's overall financial plan is commonly known as: A) a rolling budget B) an integrated budget. C) a master budget. D) a pro-forma budget. E) a financial budget. 13) A company's expected receipts from sales and planned disbursements to pay bills is commonly called a: A) financial budget. B) pro-forma budget. Cprofit plan. D) cash budget. E) master budget
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