Consider the following budgets and budget types.
Cash............ Cost of Goods Sold
Flexible............ Master
Operational.......... Sales
Static ........... Strategic
Which budget or budget type should be used to meet the following needs?
a. Upper management is planning for the next five years.
b. A store manager wants to plan for different levels of sales.
c. The accountant wants to determine if the company will have sufficient funds to pay expenses.
d. The CEO wants to make companywide plans for the next year.