Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. true and false. the essentials of budgeting are (

True and false. The essentials of budgeting are (1) establishment if specific goals for...

90.2K

Verified Solution

Question

Accounting

True and false.

  1. The essentials of budgeting are (1) establishment if specific goals for future operations and (2) the periodic comparison of actual results with these goals..
  2. The budget procedures used aby a large manufacturer of automobiles would probably differ from those used by a small manufacturer of paper products
  3. A budget procedure that provides for the maintenance at all times of a twelve-month projection into the future is called continuous budgeting.
  4. A budget procedure that provides for the maintenance at all times of a twelve-month projection into the future is called master budgeting .
  5. The budget procedure that requires all levels of management to start from zero is estimating sales, production, and other operating data is called zero-base budgeting.
  6. The master budget of a small manufacturer would normally include all necessary component budgets except the capital expenditures budget.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students