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Which is not a role of financial budgets in master budget

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Reference no: EM133012731

Problem 1: Which of the following is not a role of the financial budgets in the master budget?

A) To estimate the financial consequences of production and sales plans

B) To estimate the financial consequences of capital investment plans

C) To help predict when there will be cash excesses or shortages

D) To provide the foundation data for financial reporting

Problem 2: In zero-based budgeting:

A) Managers must justify each item within the operating budget as if it were a new budget item

B) The prior year's budgeted amounts or actual results are used to build the new operating budget

C) The budget is prepared by the top managers

D) The budget is never updated

Reference no: EM133012731

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