Asked by Griselle Gomez on Jun 14, 2024
Verified
Operating budgets include all the following budgets except the:
A) Sales budget.
B) Selling expense budget.
C) Cash budget.
D) Production budget.
E) General and administrative expense budget.
Operating Budgets
Operating budgets are detailed projections that outline the expected income and expenditures related to the day-to-day operations of a business for a specific period.
Cash Budget
A financial plan that estimates cash inflows and outflows over a specific period, helping organizations to manage cash flow and assess liquidity needs.
Sales Budget
An estimate of future sales, often broken down into volume and price, that serves as a guide for a company's sales strategies and financial planning.
- Differentiate between operating and non-operating budgets in the context of an organization's budgeting procedure.
Verified Answer
Learning Objectives
- Differentiate between operating and non-operating budgets in the context of an organization's budgeting procedure.
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