Reference no: EM132966122

Problem 1: Which of the following is an operating budget?

a) cash budget

b) sales budget

c) consolidated budget

d) capital budget

Problem 2: What is an important prerequisite to the budgeting process?

a) sales budget

b) planning assumptions

c) projected financial statements

d) master budget

Problem 3: What is the process of determining the future value carried out?

a) future interest is applied

b) discount interest is applied

c) compound interest is applied

d) simple interest is applied

Problem 4: What is the profit margin on revenue performance measure related to?

a) operating income

b) gross profit

c) capital assets

d) working capital

Problem 5: Ratio analysis provides a number of benefits.

a) gives a comparison to the industry and competitors

b) shows how impactful operational decisions have been

c) shows how impactful non operating decisions have been

d) A, B but not C