If a company has prepared a sales budget, is it still necessary for them to prepare a cash receipts budget? Why or why not?
Yes, they should still prepare a cash receipts budget. The sales budget shows budgeted sales for a period of time which includes not only cash sales but also sales on account. Just because a company has sales revenue does not mean there will be adequate cash inflows to support the business. Preparing a cash receipts budget will allow the company to schedule out anticipated cash receipts so that cash flows can be better managed.
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______ leadership shifts the focus from the leader to the follower through the idea of self-leadership.
A. Directive B. Transactional C. Visionary D. Empowering
Ryota Products has an industrial mower division that operates as a profit center. Below is a partially completed responsibility report for the first quarter.
Compute the percentage variance for the flexible budget variance for traceable fixed expenses. (Round your answer to two decimal places.)
A) 0.81% F
B) 0.81% U
C) 1.10% U
D) 1.10% F
Beginning a sentence with "And" or "But" is an error
a. true b. false
Colored stationery and exotic type fonts make your résumé more electronically readable
Indicate whether the statement is true or false