One of the operating budget is

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1. When using the net present value method to evaluate capital spending on a new project, the discount rate is:

A. The markup percentage on merchandise if the business is a merchandising business.

B. Management's required rate of return on the specific project.

C. The rate of return on net sales.

D. the gross margin percentage if the business is a merchandising busines.

2. Which of the following is one of the operating budgets?

A. selling and adminstrative budgets.

B. cash budget

C. capital expendiure budget

D. budgeted balance sheet

Reference no: EM131150053

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