Question: Please need help with 7-11 please. will thumbs up. thank you 6. Which of the following statements is NOT correct concerning the Cash Budget? A.
6. Which of the following statements is NOT correct concerning the Cash Budget? A. It is not necessary to prepare any other budgets before preparing the Cash Budget. B. The Cash Budget should be prepared before the Budgeted Income Statement C. The Cash Budget should be prepared before the Budgeted Balance Sheet. D. The Cash Budget builds on earlier budgets and schedules as well as additional data. 7. Which of the following statements is false? A. Budgets force managers to think about and plan for the future. B. Budgets define goals and objectives that can serve as benchmarks for evaluating subsequent performance. C. Budgets enable each department to function independently from other departments. D. Budgets communicate management's plans throughout the organization. 8. Which of the following statements is true? A. Planning involves developing goals and preparing various budgets to achieve those goals. B. Planning involves gathering feedback that enables organizations to make modifications as circumstances change. C. The definition of planning states that managers should be held responsible for those items-and only those items-that the manager can actually control. D. Planning is usually done independent from the budgeting process. 9. Which of the following statements is true? A. Control involves developing goals and preparing various budgets to achieve those goals. B. Control involves gathering feedback that enables organizations to make modifications as circumstances change. D. The definition of planning states that managers should be held responsible for those items-and only those items-that the manager can actually control. D. Control is usually is maintained independent from the budgeting process. 10. Which of the following statements is true regarding master budgets? A. Generally speaking, they are prepared for manufacturing companies, but not merchandising companies. B. They usually include a cash budget and a budgeted income statement, but not a budgeted balance sheet Most companies exclude selling and administrative expenses from the master budget because hey are period expenses. . They can be used to estimate a company's need to borrow money in the future. 1. In a flexible budget, what will happen to fixed costs as the activity level increases?20_QC_CS88650 The fixed cost per unit will decrease. The fixed cost per unit will remain unchanged. The fixed cost per unit will increase. Fixed costs are not included in a flexible budget
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