A budget that allows the determination of expected costs for various levels of activity is a(n)
A) operational budget.
B) capital budget.
C) static budget.
D) flexible budget.
E) cash budget.
D
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When a seller establishes a series of prices for a type of merchandise, it creates an odd-even pricing.
Answer the following statement true (T) or false (F)
A firm may retire an asset from service by trading it in on a new asset. U.S. GAAP and IFRS require that firms record trade-in transactions at _____ unless they lack commercial substance
a. present value of future cash flows b. replacement value c. liquidation value d. fair value e. undiscounted cash flows
Adjudication of drawer's incompetence will not affect the bank's ability to act with respect to the drawer until the bank knows and has a reasonable opportunity to act on this knowledge
a. True b. False Indicate whether the statement is true or false
For the lot-sizing technique known as lot-for-lot to be appropriate:
A) future demand should be known for several weeks. B) setup cost should be relatively small. C) annual volume should be rather low. D) item unit cost should be relatively small. E) the independent demand rate should be very stable.