Question: A budget that is continually updated by adding another incremental time period and dropping the most recently completed period is called a:pro - forma budget.rolling

A budget that is continually updated by adding another incremental time period and dropping the most recently completed period is called a:pro-forma budget.rolling budget.financial budget.capital budget.master budget.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Q1) Cost-volume-profit analysis is based on certain general assumptions. Which of the following is not one of these assumptions? 1.Product prices remain constant as activity changes. 2. In...

Q:

ManagementAccounting & control MAF551 (True/ False) Question 1.A budget technique that requires a budget to be continually updated by periodically adding a new incremental time period such as a...

Q:

This assignment is very urgent! Be as Accurate as possible providing explanations to each answer. Chapter 1 1.Managerial Accounting and Financial Accounting differ in the following way: A. Financial...

Q:

Scenario You and your group work for a multi-national consulting firm. Your team is a group of capital budget consultants and are seeking new engagements. You intend on responding to a Request for...

Q:

Cash Flows From Working It may surprise you that there are cash flows associated with holding a job. Using the examples provided in Chapter 6, construct a simple cash flow statement and payback...

Q:

Overview of the case. What do you think of the particular assignment given to Browning? TEXTBOOK : Brown, C.V., DeHayes, D.W., Hoffer, J.A., Martin, E.W., and Perkins, W.C. Managing Information...

Q:

Spend analysis Stock-keeping unit (SKU) 10 Three-way match Utilization ty Images; @ monsity/ Getty Images Vendor master health care? iency? CHAPTER 17 applied, and what are the steps to fol-...

Q:

Economists are in general agreement that fiscal policy will stabilize the economy most when: a. budget surpluses are continually incurred b. budget deficits are incurred during recessions and budget...

Q:

Automatic stabilizers are MOST associated with the cyclically O annually continually functionally balanced budget. Automatic stabilizers are MOST associated with the balanced budget. cyclically...

Q:

dThe difference between 5. Which person or entity has overall responsibility for budgetary development? a. Governing Board Chief Executive Officer P. 383 p.383 C. Controller d. The strategic...

Q:

The average age of seven girls sitting in a row facing south is 24 years. If the average age of first three girls is 20 years and the average age of last three girls is 28 years, what is the age of...

Q:

Perform a comparative analysis of Eastman Corporation by completing the analysis below. Describe and comment on any significant findings in your comparativeanalysis. EASTMAN CORPORATION Income...

Q:

A firm is 1 4 . 3 ptswhen the current market value of its assets exceeds its debt obligations and when it can meet these obligations over long period.O liquidO solventO securenone of the above

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....