Answer the following statements true (T) or false (F)
1. The capital expenditures budget is completed before the preparation of the cash budget.
2. The financial budgets include the cash budget and the budgeted financial statements—the budgeted
income statement and budgeted balance sheet.
3. For manufacturing companies, the primary source of cash is from its customers.
4. The last step in the preparation of the master budget is the budgeted income statement.
5. For a manufacturing company, the budgeted income statement is a cash basis income statement.
1. TRUE
2. TRUE
3. TRUE
4. FALSE
5. FALSE
The budgeted income statement is an accrual-based income statement.
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The right side of a T-account is a(n):
A. Credit. B. Decrease. C. Account balance. D. Debit. E. Increase.
The contribution-margin approach to marketing cost analysis
A. is especially useful for estimating the long-run profit of a proposed strategy. B. is especially useful for determining if there should be more controls on fixed costs. C. allocates variable costs that are hard to measure to overhead. D. considers only those costs that are directly related to particular alternatives. E. All these answers are correct.
Most of the organization change literature is based on research and practice conducted with ______.
A. higher education B. profit-making corporations C. nonprofit organizations D. none of these
An actual DSS application that assists in the decision-making process of an organization (e.g., a DSS for investment portfolio management or a DSS for staff scheduling) is referred to as a:
A) specific DSS. B) DSS generator. C) planning DSS. D) DSS model.